M/s. Portrait Advertising & Marketing Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against M/s. Mothers Pride Dairy India Pvt. Ltd., the Corporate Debtor. The Operational Creditor provided marketing and advertising services to the Corporate Debtor, and a contract was entered into on 2016-04-14. Invoices were raised, and an outstanding amount of Rs. 64,49,530/- remained after payments.
M/s. Portrait Advertising & Marketing Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process against M/s. Mothers Pride Dairy India Pvt. Ltd. (Corporate Debtor). The Operational Creditor is a registered company providing marketing and advertising services. The Corporate Debtor hired the Operational Creditor in 2016 for marketing and advertising services, leading to a contract on 2016-04-14. The Operational Creditor raised invoices for services rendered. The total outstanding amount was calculated to be Rs. 64,49,530/-. The Corporate Debtor claimed that vital facts were suppressed and raised complaints about the quality of service, citing emails
…Sign in to view the parties.
Parties entered into a…
Email dated 2016-09-06 raised issues…
M/s. Portrait Advertising & Marketing Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against M/s. Mothers Pride Dairy India Pvt. Ltd., the Corporate Debtor. The Operational Creditor provided marketing and advertising services to the Corporate Debtor, and a contract was entered into on 2016-04-14. Invoices were raised, and an outstanding amount of Rs. 64,49,530/- remained after payments.
M/s. Portrait Advertising & Marketing Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process against M/s. Mothers Pride Dairy India Pvt. Ltd. (Corporate Debtor). The Operational Creditor is a registered company providing marketing and advertising services. The Corporate Debtor hired the Operational Creditor in 2016 for marketing and advertising services, leading to a contract on 2016-04-14. The Operational Creditor raised invoices for services rendered. The total outstanding amount was calculated to be Rs. 64,49,530/-. The Corporate Debtor claimed that vital facts were suppressed and raised complaints about the quality of service, citing emails
…Parties entered into a…
Email dated 2016-09-06 raised issues…