The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Rationalheads Technologies Pvt. Ltd. (Operational Creditor) against M/s. India Sports Flashes Pvt. Ltd. (Corporate Debtor) for initiation of the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for digital marketing and related services provided under an agreement. The Corporate Debtor acknowledged the debt but sought delays in payment. The Operational Creditor issued a statutory demand notice, but no response was received within the stipulated timeline. The Corporate Debtor later raised a dispute regarding the quality of services provided, which the Adjudicating Authority found to be
…M/s. Rationalheads Technologies Pvt. Ltd. (Operational Creditor) provided digital marketing and related services to M/s. India Sports Flashes Pvt. Ltd. (Corporate Debtor) under an Internet Advertising Services Agreement dated 06.06.2017. The Operational Creditor raised invoices on 19.07.2017 and 08.09.2017 for Rs.2,74,708/- and Rs.2,20,289/- respectively, which were acknowledged by the Corporate Debtor. The Corporate Debtor acknowledged the payment liability via emails dated 23.08.2017, 14.09.2017, 19.12.2017, 21.12.2017, and 09.01.2018, promising to pay the amounts due. A statutory demand notice under Section 8 of the Insolvency and Bankruptcy Code was sent on 01.02.2018. No response to the demand notice was received within the stipulated timeline. The amount claimed
…Sign in to view the parties.
M/s. India Sports…
Internet Advertising Services Agreement was…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Rationalheads Technologies Pvt. Ltd. (Operational Creditor) against M/s. India Sports Flashes Pvt. Ltd. (Corporate Debtor) for initiation of the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for digital marketing and related services provided under an agreement. The Corporate Debtor acknowledged the debt but sought delays in payment. The Operational Creditor issued a statutory demand notice, but no response was received within the stipulated timeline. The Corporate Debtor later raised a dispute regarding the quality of services provided, which the Adjudicating Authority found to be
…M/s. Rationalheads Technologies Pvt. Ltd. (Operational Creditor) provided digital marketing and related services to M/s. India Sports Flashes Pvt. Ltd. (Corporate Debtor) under an Internet Advertising Services Agreement dated 06.06.2017. The Operational Creditor raised invoices on 19.07.2017 and 08.09.2017 for Rs.2,74,708/- and Rs.2,20,289/- respectively, which were acknowledged by the Corporate Debtor. The Corporate Debtor acknowledged the payment liability via emails dated 23.08.2017, 14.09.2017, 19.12.2017, 21.12.2017, and 09.01.2018, promising to pay the amounts due. A statutory demand notice under Section 8 of the Insolvency and Bankruptcy Code was sent on 01.02.2018. No response to the demand notice was received within the stipulated timeline. The amount claimed
…M/s. India Sports…
Internet Advertising Services Agreement was…