This case involves an application filed by Zee Entertainment Enterprises Limited, the Operational Creditor, against Jupiter Broadcast Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default of ₹29,12,500/- for services provided to the Corporate Debtor under a License Agreement dated 17.02.2017. The Corporate Debtor acknowledged its liability but failed to make timely payments due to incurring losses.
Zee Entertainment Enterprises Limited (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Jupiter Broadcast Private Limited (Corporate Debtor) for a default of ₹29,12,500/-. The debt arose from services provided by the Operational Creditor to the Corporate Debtor under a License Agreement dated 17.02.2017. The Operational Creditor raised invoices dated 15.06.2017 and 31.10.2017. The Corporate Debtor acknowledged its liability in emails dated 29.09.2017, 05.10.2017, and 17.10.2017, but failed to make payments due to incurring losses. The Operational Creditor issued a demand notice dated 18.11.2017, which was duly served on the Corporate Debtor. The Corporate Debtor failed to raise any dispute regarding the
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Date of the License Agreement between Zee…
Zee Entertainment…
This case involves an application filed by Zee Entertainment Enterprises Limited, the Operational Creditor, against Jupiter Broadcast Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default of ₹29,12,500/- for services provided to the Corporate Debtor under a License Agreement dated 17.02.2017. The Corporate Debtor acknowledged its liability but failed to make timely payments due to incurring losses.
Zee Entertainment Enterprises Limited (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Jupiter Broadcast Private Limited (Corporate Debtor) for a default of ₹29,12,500/-. The debt arose from services provided by the Operational Creditor to the Corporate Debtor under a License Agreement dated 17.02.2017. The Operational Creditor raised invoices dated 15.06.2017 and 31.10.2017. The Corporate Debtor acknowledged its liability in emails dated 29.09.2017, 05.10.2017, and 17.10.2017, but failed to make payments due to incurring losses. The Operational Creditor issued a demand notice dated 18.11.2017, which was duly served on the Corporate Debtor. The Corporate Debtor failed to raise any dispute regarding the
…Date of the License Agreement between Zee…
Zee Entertainment…