Ashmit Corporation Pvt. Ltd. (the Applicant) provided campaigning services to Flexi Infotech Pvt. Ltd. (the Respondent). The Respondent defaulted on payments for these services, with the first occurrence of default on 2017-10-10. The outstanding debt amounted to Rs. 1,92,647/- along with interest. The Applicant sent a demand notice to the Respondent on 2019-04-13 for the unpaid operational debt. The Applicant then filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against the Respondent.

Ashmit Corporation Pvt. Ltd. (the Applicant) provided campaigning services to Flexi Infotech Pvt. Ltd. (the Respondent). The Respondent defaulted on payments for these services, with the first occurrence of default on 2017-10-10. The outstanding debt amounted to Rs. 1,92,647/- along with interest. The Applicant sent a demand notice to the Respondent on 2019-04-13 for the unpaid operational debt. The Applicant then filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against the Respondent.