Vinod Kumar, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Noesis Industries Limited, the corporate debtor. The applicant, an advocate and retired professional, provided consulting services to the corporate debtor based on a Retainership Agreement dated 28.01.2017. The applicant raised invoices for these services from 07.03.2017 onwards and requested payment via a notice dated 17.07.2017. The corporate debtor replied on 25.08.2017, assuring payment. However, a final notice dated 27.10.2017 requesting payment was not responded to, leading the applicant to stop services. The applicant issued a demand notice under Section 8 of the IBC,
…Vinod Kumar, an advocate and retired professional, provided consulting services to M/s Noesis Industries Limited based on a Retainership Agreement dated 28.01.2017. He raised invoices from 07.03.2017 onwards, seeking payment for his services. A notice dated 17.07.2017 was sent to the Corporate Debtor requesting payment, to which the Corporate Debtor replied on 25.08.2017 assuring payment. A final notice dated 27.10.2017 was sent, but no response was received. The applicant issued a demand notice under Section 8 of the Insolvency and Bankruptcy Code, 2016, on 22.01.2018, for outstanding dues of Rs. 4,50,000/-. The Corporate Debtor did not raise any dispute regarding the payment. The applicant affirmed that they had not received the claimed amount. The Corporate Debtor's
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Applicant and Corporate…
Applicant raised various invoices for…
Vinod Kumar, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Noesis Industries Limited, the corporate debtor. The applicant, an advocate and retired professional, provided consulting services to the corporate debtor based on a Retainership Agreement dated 28.01.2017. The applicant raised invoices for these services from 07.03.2017 onwards and requested payment via a notice dated 17.07.2017. The corporate debtor replied on 25.08.2017, assuring payment. However, a final notice dated 27.10.2017 requesting payment was not responded to, leading the applicant to stop services. The applicant issued a demand notice under Section 8 of the IBC,
…Vinod Kumar, an advocate and retired professional, provided consulting services to M/s Noesis Industries Limited based on a Retainership Agreement dated 28.01.2017. He raised invoices from 07.03.2017 onwards, seeking payment for his services. A notice dated 17.07.2017 was sent to the Corporate Debtor requesting payment, to which the Corporate Debtor replied on 25.08.2017 assuring payment. A final notice dated 27.10.2017 was sent, but no response was received. The applicant issued a demand notice under Section 8 of the Insolvency and Bankruptcy Code, 2016, on 22.01.2018, for outstanding dues of Rs. 4,50,000/-. The Corporate Debtor did not raise any dispute regarding the payment. The applicant affirmed that they had not received the claimed amount. The Corporate Debtor's
…Applicant and Corporate…
Applicant raised various invoices for…