Vreon Tech India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Augver Digital Solutions Private Limited. The claim is based on a default of INR 4,58,94,838/-.
Vreon Tech India Private Limited (Operational Creditor) filed a petition under Section 9 of IBC against Augver Digital Solutions Private Limited (Corporate Debtor) for default in payment.
The default amount claimed is INR 4,58,94,838/-.
The date of default is 10.07.2018.
The Operational Creditor and EON USA (holding company of Corporate Debtor) entered into an agreement for a joint venture.
The Operational Creditor transferred INR 2,28,00,000/- to the Corporate Debtor towards equity contribution, but no shares were allotted.
The Corporate Debtor misclassified the funds received as 'advances from customers'.
A demand notice was issued on 30.11.2023 under Section 8 of the IBC.
The respondent did not respond to the demand notice or raise any dispute.
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The petition was filed on 12.03.2024 under…
The date of de…
Vreon Tech India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Augver Digital Solutions Private Limited. The claim is based on a default of INR 4,58,94,838/-.
Vreon Tech India Private Limited (Operational Creditor) filed a petition under Section 9 of IBC against Augver Digital Solutions Private Limited (Corporate Debtor) for default in payment.
The default amount claimed is INR 4,58,94,838/-.
The date of default is 10.07.2018.
The Operational Creditor and EON USA (holding company of Corporate Debtor) entered into an agreement for a joint venture.
The Operational Creditor transferred INR 2,28,00,000/- to the Corporate Debtor towards equity contribution, but no shares were allotted.
The Corporate Debtor misclassified the funds received as 'advances from customers'.
A demand notice was issued on 30.11.2023 under Section 8 of the IBC.
The respondent did not respond to the demand notice or raise any dispute.
…The petition was filed on 12.03.2024 under…
The date of de…