The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Mallesham Jetti (Operational Creditor) against Ebusinessware Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor failed to pay outstanding dues for consultancy services provided under an agreement dated 01.01.2017. The total amount claimed to be in default was ₹8,16,150/-, including a principal amount of ₹5,70,000/- and interest of ₹2,46,150/- till August 2019.
Mallesham Jetti, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ebusinessware Private Limited, the corporate debtor. The operational creditor provided consultancy services to the corporate debtor based on an agreement dated 01.01.2017. The corporate debtor allegedly failed to pay the accounting and financial service fees. The principal amount outstanding was ₹5,70,000/-, and the total amount claimed, including interest at 18% till August 2019, was ₹8,16,150/-. The operational creditor served a demand notice dated 21.08.2019 to the corporate debtor, which was duly received. The corporate debtor did not comply with the demand notice and did not make any outstanding payment. The operational creditor proposed
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The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Mallesham Jetti (Operational Creditor) against Ebusinessware Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor failed to pay outstanding dues for consultancy services provided under an agreement dated 01.01.2017. The total amount claimed to be in default was ₹8,16,150/-, including a principal amount of ₹5,70,000/- and interest of ₹2,46,150/- till August 2019.
Mallesham Jetti, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ebusinessware Private Limited, the corporate debtor. The operational creditor provided consultancy services to the corporate debtor based on an agreement dated 01.01.2017. The corporate debtor allegedly failed to pay the accounting and financial service fees. The principal amount outstanding was ₹5,70,000/-, and the total amount claimed, including interest at 18% till August 2019, was ₹8,16,150/-. The operational creditor served a demand notice dated 21.08.2019 to the corporate debtor, which was duly received. The corporate debtor did not comply with the demand notice and did not make any outstanding payment. The operational creditor proposed
…Agreement between…
Operational Creditor…