# In the matter of Ceeyes Software Technologies Private LImited CP (IB) No.354-9-HDB-2018

> NCLT judgment dated 2019-02-13. Citation: TCN-2019-NCLT-04860. The case involves a Company Petition filed by Touchstones Consultants (Operational Creditor)…

- **Court:** NCLT
- **Order date:** 13 Feb 2019
- **Citation:** TCN-2019-NCLT-04860
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/ceeyes-software-technologies-private-limited-cp-ib-no354-9-hdb-2018-5f14660b

## Summary

### Background

The case involves a Company Petition filed by Touchstones Consultants (Operational Creditor) against Ceeyes Software Technologies Pvt. Ltd (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided professional services to the Corporate Debtor for outsourcing work of accounts and statutory compliances. The Corporate Debtor failed to make payments for the services rendered, leading to the issuance of a demand notice by the Operational Creditor.

## Facts

Touchstones Consultants (Operational Creditor) provided professional services to Ceeyes Software Technologies Pvt. Ltd (Corporate Debtor) for outsourcing work of accounts and statutory compliances. For the financial year 2014-2015, the Petitioner rendered services at the request of the Corporate Debtor and raised a bill for Rs.2,05,200/- dated 2015-06-24. The Respondent requested the Petitioner to extend professional services for the financial year 2015-2016 and assured to pay the previous dues. The Petitioner rendered services and raised a bill for Rs.2,07,000/- dated 2016-06-10. The Petitioner also extended professional services for the financial year 2016-2017 after the Respondent promised to pay the total amount due. The Petitioner raised a bill dated 2017-06-15

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## Issues and analysis

### Issue 1: Whether the petition filed by the Operational Creditor against the Corporate Debtor is admissible …

**Ratio:** Section 9 of the Insolvency and Bankruptcy Code, 2016 allows an operational creditor to

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**Reasoning:** The court observed that the Operational Creditor had provided services to the Corporate

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**Interpretation:** Section 9 provides the mechanism for operational creditors to recover their

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**Application:** The court applied Section 9 to the facts of the case and found that the

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## Parties

- **Judges:** K. Anantha…
- **Appellants:** Touchstones…
- **Respondents:** Ceeyes Software…

## Timeline

- **2015-06-24 — Bill Rai…**: Petitioner raised a bill for Rs.2,05,200/- for services rendered during the financial…
- **2016-06-10 — Bill Rai…**: Petitioner raised a bill for Rs.2,07,000/- for services rendered during the financial…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8(2) — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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