Harmony Multimedia Pvt Ltd, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Betain Career Institute Pvt Ltd, the corporate debtor, for a default in payment of Rs. 41,40,515.32. This amount was due for the release of advertisements in local daily newspapers. The corporate debtor failed to make the payment despite reminders and a demand notice issued under Section 8 of the I&B Code.
Harmony Multimedia Pvt Ltd (operational creditor) filed a petition against Betain Career Institute Pvt Ltd (corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed a default of Rs. 41,40,515.32, which was due for advertisements released on behalf of the corporate debtor in local newspapers. The corporate debtor was registered on 28.03.2017. The operational creditor issued a demand notice on 22.11.2019 under Section 8 of the I&B Code, which was duly delivered to the corporate debtor. The petition was filed on 27.01.2020. The corporate debtor did not appear in person or through a representative despite multiple opportunities. The demand notice issued under Section 8 of the I&B Code on 07.11.2019 was served
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Betain Career Institute…
Demand notice issued by…
Harmony Multimedia Pvt Ltd, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Betain Career Institute Pvt Ltd, the corporate debtor, for a default in payment of Rs. 41,40,515.32. This amount was due for the release of advertisements in local daily newspapers. The corporate debtor failed to make the payment despite reminders and a demand notice issued under Section 8 of the I&B Code.
Harmony Multimedia Pvt Ltd (operational creditor) filed a petition against Betain Career Institute Pvt Ltd (corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed a default of Rs. 41,40,515.32, which was due for advertisements released on behalf of the corporate debtor in local newspapers. The corporate debtor was registered on 28.03.2017. The operational creditor issued a demand notice on 22.11.2019 under Section 8 of the I&B Code, which was duly delivered to the corporate debtor. The petition was filed on 27.01.2020. The corporate debtor did not appear in person or through a representative despite multiple opportunities. The demand notice issued under Section 8 of the I&B Code on 07.11.2019 was served
…Betain Career Institute…
Demand notice issued by…