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. An agreement dated December 20, 2017, entitled the operational creditor to a license fee of Rs. 7,62,712/- per month. The operational creditor alleges continued signal provision without disruption, raising invoices, and subsequent disconnection due to non-payment. A demand notice dated October 24, 2018, was issued, but no reply was received, leading to the filing of the
…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, claiming a default of Rs. 67,41,539/-. The Corporate Debtor is a multi-system operator that receives and re-transmits signals. An agreement dated December 20, 2017, existed between the parties, entitling the Operational Creditor to a license fee of Rs. 7,62,712/- per month. The Operational Creditor continued providing signals and raising invoices. Due to non-payment, the Operational Creditor disconnected the services and issued a demand notice on October 24, 2018, under Section 8 of the Code, which received no response. The Corporate Debtor admitted the liability through
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Agreement executed between Star India Private…
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. An agreement dated December 20, 2017, entitled the operational creditor to a license fee of Rs. 7,62,712/- per month. The operational creditor alleges continued signal provision without disruption, raising invoices, and subsequent disconnection due to non-payment. A demand notice dated October 24, 2018, was issued, but no reply was received, leading to the filing of the
…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, claiming a default of Rs. 67,41,539/-. The Corporate Debtor is a multi-system operator that receives and re-transmits signals. An agreement dated December 20, 2017, existed between the parties, entitling the Operational Creditor to a license fee of Rs. 7,62,712/- per month. The Operational Creditor continued providing signals and raising invoices. Due to non-payment, the Operational Creditor disconnected the services and issued a demand notice on October 24, 2018, under Section 8 of the Code, which received no response. The Corporate Debtor admitted the liability through
…Agreement executed between Star India Private…
Star India Private Limited issued a demand…