M/s. Rent A Computer, the Operational Creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against the Corporate Debtor, M/s. Glocal Healthcare Systems Private Limited, to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor allegedly failed to pay dues amounting to Rs. 27,69,606/- for the rent of computers supplied. An agreement dated 08.09.2014 was in place, where the Operational Creditor provided computers to the Corporate Debtor on rent. The agreement was initially for 8 months and later extended. The Operational Creditor claimed an outstanding sum of Rs. 17,56,081/- via a letter dated 01.04.2018 and requested the return of the computers. A demand notice under Section 8 of the I&B Code was sent,
…M/s. Rent A Computer (Operational Creditor) supplied computers to Glocal Healthcare Systems Private Limited (Corporate Debtor) under a rental agreement dated 2014-09-08. The initial agreement was for 8 months, later extended. The Corporate Debtor allegedly failed to pay rent amounting to Rs. 27,69,606. The Operational Creditor claimed Rs. 17,56,081 outstanding via a letter dated 2018-04-01 and requested the computers' return. A demand notice was sent under Section 8 of the I&B Code. The Corporate Debtor claimed the agreement terminated on 2017-01-12 and requested the Operational Creditor to take back the computers. The Corporate Debtor argued the Operational Creditor was illegally levying rent. The Corporate Debtor's first email regarding termination was dated
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Agreement between Rent A Computer and Glocal…
Operational Creditor's letter indicating…
M/s. Rent A Computer, the Operational Creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against the Corporate Debtor, M/s. Glocal Healthcare Systems Private Limited, to initiate Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor allegedly failed to pay dues amounting to Rs. 27,69,606/- for the rent of computers supplied. An agreement dated 08.09.2014 was in place, where the Operational Creditor provided computers to the Corporate Debtor on rent. The agreement was initially for 8 months and later extended. The Operational Creditor claimed an outstanding sum of Rs. 17,56,081/- via a letter dated 01.04.2018 and requested the return of the computers. A demand notice under Section 8 of the I&B Code was sent,
…M/s. Rent A Computer (Operational Creditor) supplied computers to Glocal Healthcare Systems Private Limited (Corporate Debtor) under a rental agreement dated 2014-09-08. The initial agreement was for 8 months, later extended. The Corporate Debtor allegedly failed to pay rent amounting to Rs. 27,69,606. The Operational Creditor claimed Rs. 17,56,081 outstanding via a letter dated 2018-04-01 and requested the computers' return. A demand notice was sent under Section 8 of the I&B Code. The Corporate Debtor claimed the agreement terminated on 2017-01-12 and requested the Operational Creditor to take back the computers. The Corporate Debtor argued the Operational Creditor was illegally levying rent. The Corporate Debtor's first email regarding termination was dated
…Agreement between Rent A Computer and Glocal…
Operational Creditor's letter indicating…