The case involves Star India Private Limited, an operational creditor, filing a petition against Infiniti Television and Telecom Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claims default in payment of Rs. 67,41,539/-. The corporate debtor is a multi-system operator receiving signals from a broadcaster and re-transmitting them in Assam. An agreement dated December 20, 2017, entitled the operational creditor to a license fee of Rs. 7,62,712/- per month. The operational creditor continued providing signals but disconnected the facility due to non-payment. A demand notice dated October 24, 2018, was issued, but no reply was received.
Star India Private Limited (Operational Creditor) filed a petition against Infiniti Television and Telecom Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to a default of Rs. 67,41,539/-. Infiniti Television is a multi-system operator that receives and re-transmits signals in Assam. Star India, as a broadcaster, provided services to Infiniti Television under an agreement dated December 20, 2017, which stipulated a license fee of Rs. 7,62,712/- per month. Star India continued providing signals but disconnected the service due to non-payment of dues. Star India issued a demand notice on October 24, 2018, which went unanswered. Infiniti Television admitted the liability through communications, emails, and TDS deductions and
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Agreement between Star India Private Limited…
Star India Private Limited issued a demand…
The case involves Star India Private Limited, an operational creditor, filing a petition against Infiniti Television and Telecom Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claims default in payment of Rs. 67,41,539/-. The corporate debtor is a multi-system operator receiving signals from a broadcaster and re-transmitting them in Assam. An agreement dated December 20, 2017, entitled the operational creditor to a license fee of Rs. 7,62,712/- per month. The operational creditor continued providing signals but disconnected the facility due to non-payment. A demand notice dated October 24, 2018, was issued, but no reply was received.
Star India Private Limited (Operational Creditor) filed a petition against Infiniti Television and Telecom Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to a default of Rs. 67,41,539/-. Infiniti Television is a multi-system operator that receives and re-transmits signals in Assam. Star India, as a broadcaster, provided services to Infiniti Television under an agreement dated December 20, 2017, which stipulated a license fee of Rs. 7,62,712/- per month. Star India continued providing signals but disconnected the service due to non-payment of dues. Star India issued a demand notice on October 24, 2018, which went unanswered. Infiniti Television admitted the liability through communications, emails, and TDS deductions and
…Agreement between Star India Private Limited…
Star India Private Limited issued a demand…