The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Essjay Ericsson Pvt. Ltd. (Operational Creditor) against M/s. Frontline (NCR) Business Solutions Pvt. Ltd. (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an unpaid operational debt of Rs. 1,44,14,378.55/-, including principal and interest. The Corporate Debtor contended that there was a pre-existing dispute regarding the quality and timely delivery of goods, and that the Operational Creditor had failed to supply the agreed quantity of materials. The Corporate Debtor also argued that the demand notice was defective.
M/s. Essjay Ericsson Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Frontline (NCR) Business Solutions Pvt. Ltd. (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 1,44,14,378.55/- as unpaid operational debt, including principal and interest. The Corporate Debtor contended that there was a pre-existing dispute regarding the quality and timely delivery of goods. The Corporate Debtor had been awarded a work order by CSC Wi-fiChoupal Services India Pvt. Ltd. for the supply, installation, and commission of "Wi-Fi Choupal Program Me" in 5000 Gram Panchayats. The Operational Creditor
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The Respondent Company (Corporate Debtor) was…
The Respondent Company issued a Purchase Order…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Essjay Ericsson Pvt. Ltd. (Operational Creditor) against M/s. Frontline (NCR) Business Solutions Pvt. Ltd. (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an unpaid operational debt of Rs. 1,44,14,378.55/-, including principal and interest. The Corporate Debtor contended that there was a pre-existing dispute regarding the quality and timely delivery of goods, and that the Operational Creditor had failed to supply the agreed quantity of materials. The Corporate Debtor also argued that the demand notice was defective.
M/s. Essjay Ericsson Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Frontline (NCR) Business Solutions Pvt. Ltd. (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 1,44,14,378.55/- as unpaid operational debt, including principal and interest. The Corporate Debtor contended that there was a pre-existing dispute regarding the quality and timely delivery of goods. The Corporate Debtor had been awarded a work order by CSC Wi-fiChoupal Services India Pvt. Ltd. for the supply, installation, and commission of "Wi-Fi Choupal Program Me" in 5000 Gram Panchayats. The Operational Creditor
…The Respondent Company (Corporate Debtor) was…
The Respondent Company issued a Purchase Order…