Ms. Rohita, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. All That Hype Media Private Limited, the corporate debtor, due to a default of Rs. 7,95,403/-. The operational creditor claimed that the corporate debtor failed to pay her share of profits and other dues as per an oral agreement. The corporate debtor disputed the claim, stating that there was no formal agreement and that the operational creditor's contribution to the company was limited.
Ms. Rohita, an operational creditor, claimed that she was entitled to Rs. 7,95,403/- from M/s. All That Hype Media Private Limited, the corporate debtor, based on an oral agreement for a share of profits and equity in the company. She alleged that she joined the company in December 2015 and contributed significantly to its business. The corporate debtor, represented by Mrs. RuhiFazila Shaik, denied the existence of any formal agreement and claimed that the operational creditor's contribution was limited. The corporate debtor also argued that the operational creditor had been paid salary/remuneration for the months of June and July 2016. The operational creditor filed a petition under Section 9 of the IBC, 2016, seeking to initiate CIRP against the corporate debtor. The
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Ms. Rohita, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. All That Hype Media Private Limited, the corporate debtor, due to a default of Rs. 7,95,403/-. The operational creditor claimed that the corporate debtor failed to pay her share of profits and other dues as per an oral agreement. The corporate debtor disputed the claim, stating that there was no formal agreement and that the operational creditor's contribution to the company was limited.
Ms. Rohita, an operational creditor, claimed that she was entitled to Rs. 7,95,403/- from M/s. All That Hype Media Private Limited, the corporate debtor, based on an oral agreement for a share of profits and equity in the company. She alleged that she joined the company in December 2015 and contributed significantly to its business. The corporate debtor, represented by Mrs. RuhiFazila Shaik, denied the existence of any formal agreement and claimed that the operational creditor's contribution was limited. The corporate debtor also argued that the operational creditor had been paid salary/remuneration for the months of June and July 2016. The operational creditor filed a petition under Section 9 of the IBC, 2016, seeking to initiate CIRP against the corporate debtor. The
…Ms. Rohita joined All That Hype Media Pvt.…
Ms. Rohita started…