M/s. Mobligent Media Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. SynergyByte Infotainment Pvt. Ltd. (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The application sought to recover an outstanding operational debt of ₹1,05,99,599/- for digital marketing and promotional services provided for the Corporate Debtor's mobile application 'Bolo Live'. Despite rendering services, raising invoices, and repeated communications, the Corporate Debtor failed to clear the outstanding dues, even after acknowledging liability and receiving a statutory demand notice.
M/s. Mobligent Media Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against M/s. SynergyByte Infotainment Pvt. Ltd. (Corporate Debtor).
The application seeks initiation of Corporate Insolvency Resolution Process (CIRP) for an outstanding operational debt of ₹1,05,99,599/-.
The Operational Creditor is engaged in the business of advertisement, digital marketing, and application development-related services.
The Corporate Debtor approached the Operational Creditor for digital marketing and promotional services for its mobile application "Bolo Live".
An Insertion Order was entered into between the parties on 21.02.2022, stipulating invoice payment within 45 days from the date of raising.
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The parties entered into an Insertion Order…
Invoice MM/A03/04/22-23…
M/s. Mobligent Media Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. SynergyByte Infotainment Pvt. Ltd. (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The application sought to recover an outstanding operational debt of ₹1,05,99,599/- for digital marketing and promotional services provided for the Corporate Debtor's mobile application 'Bolo Live'. Despite rendering services, raising invoices, and repeated communications, the Corporate Debtor failed to clear the outstanding dues, even after acknowledging liability and receiving a statutory demand notice.
M/s. Mobligent Media Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against M/s. SynergyByte Infotainment Pvt. Ltd. (Corporate Debtor).
The application seeks initiation of Corporate Insolvency Resolution Process (CIRP) for an outstanding operational debt of ₹1,05,99,599/-.
The Operational Creditor is engaged in the business of advertisement, digital marketing, and application development-related services.
The Corporate Debtor approached the Operational Creditor for digital marketing and promotional services for its mobile application "Bolo Live".
An Insertion Order was entered into between the parties on 21.02.2022, stipulating invoice payment within 45 days from the date of raising.
…The parties entered into an Insertion Order…
Invoice MM/A03/04/22-23…