One 97 Communication Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Goetc Private Limited, seeking initiation of Corporate Insolvency Resolution Process (CIRP) for default in payment of an operational debt amounting to Rs. 1,34,68,003/-.
One 97 Communication Ltd. (Operational Creditor) filed a petition against Goetc Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016.
The operational debt claimed was Rs. 1,34,68,003/-, including principal and interest.
The Operational Creditor provided digital marketing and value-added telecom services to the Corporate Debtor.
The Corporate Debtor claimed a pre-existing dispute regarding the quality of services and correctness of invoices.
The Adjudicating Authority found no genuine pre-existing dispute.
The Corporate Debtor issued Purchase Orders No. 2 and 3 on 25.03.2023 for extended services.
The Corporate Debtor submitted a tabular proposal for payment timelines on 26.06.2023.
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Three Purchase Orders were entered into…
Six invoices were…
One 97 Communication Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Goetc Private Limited, seeking initiation of Corporate Insolvency Resolution Process (CIRP) for default in payment of an operational debt amounting to Rs. 1,34,68,003/-.
One 97 Communication Ltd. (Operational Creditor) filed a petition against Goetc Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016.
The operational debt claimed was Rs. 1,34,68,003/-, including principal and interest.
The Operational Creditor provided digital marketing and value-added telecom services to the Corporate Debtor.
The Corporate Debtor claimed a pre-existing dispute regarding the quality of services and correctness of invoices.
The Adjudicating Authority found no genuine pre-existing dispute.
The Corporate Debtor issued Purchase Orders No. 2 and 3 on 25.03.2023 for extended services.
The Corporate Debtor submitted a tabular proposal for payment timelines on 26.06.2023.
…Three Purchase Orders were entered into…
Six invoices were…