M/s. Rashmika Info Technologies Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Bunt Solar India Private Ltd., the corporate debtor. The operational creditor claimed that the corporate debtor defaulted on a total outstanding amount of Rs. 13,57,260 as of 30.09.2018. The corporate debtor had approached the operational creditor to develop and supply various websites/softwares for its business, and the operational creditor had developed the websites/softwares as per the requirements. After developing the websites/softwares and providing services amounting to Rs. 19,76,906/-, the operational creditor received Rs. 6,19,646/-,
…M/s. Rashmika Info Technologies Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Bunt Solar India Private Ltd. (Corporate Debtor). The Operational Creditor claimed a default of Rs. 13,57,260 as of 30.09.2018. The Corporate Debtor engaged the Operational Creditor to develop websites/software. The Operational Creditor developed the websites/software and provided services worth Rs. 19,76,906/-, but only received Rs. 6,19,646/-. The Corporate Debtor failed to repay the remaining amount. The Operational Creditor issued demand notices, but the Corporate Debtor did not respond or regularize the outstanding balances. The Corporate Debtor
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M/s. Rashmika Info…
M/s. Bunt Solar India…
M/s. Rashmika Info Technologies Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Bunt Solar India Private Ltd., the corporate debtor. The operational creditor claimed that the corporate debtor defaulted on a total outstanding amount of Rs. 13,57,260 as of 30.09.2018. The corporate debtor had approached the operational creditor to develop and supply various websites/softwares for its business, and the operational creditor had developed the websites/softwares as per the requirements. After developing the websites/softwares and providing services amounting to Rs. 19,76,906/-, the operational creditor received Rs. 6,19,646/-,
…M/s. Rashmika Info Technologies Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Bunt Solar India Private Ltd. (Corporate Debtor). The Operational Creditor claimed a default of Rs. 13,57,260 as of 30.09.2018. The Corporate Debtor engaged the Operational Creditor to develop websites/software. The Operational Creditor developed the websites/software and provided services worth Rs. 19,76,906/-, but only received Rs. 6,19,646/-. The Corporate Debtor failed to repay the remaining amount. The Operational Creditor issued demand notices, but the Corporate Debtor did not respond or regularize the outstanding balances. The Corporate Debtor
…M/s. Rashmika Info…
M/s. Bunt Solar India…