The case involves a petition filed by M/s. Prophoenix Soft Private Limited (Operational Creditor) against M/s. NRN Broadcasting Network India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Operational Creditor claims that the Corporate Debtor defaulted in paying Rs. 11,09,796/-. The petition seeks admission of the case under the Corporate Insolvency Resolution Process (CIRP), imposition of a moratorium, and appointment of an Interim Resolution Professional (IRP).
M/s. Prophoenix Soft Private Limited (Operational Creditor) filed a petition against M/s. NRN Broadcasting Network India Private Limited (Corporate Debtor) under Section 9 of the IBC, claiming a default of Rs. 11,09,796/-. The Corporate Debtor had requested the supply of IT Hardware Infrastructure from the Operational Creditor. The Operational Creditor supplied various hardware items based on purchase orders, including one dated 27-03-2018. On 29-03-2018, the Operational Creditor supplied IT Infrastructure (Apple Desktops) worth Rs. 6,98,560/-. The Corporate Debtor issued a cheque for Rs. 6,98,560/- on 24-04-2018. The Corporate Debtor also placed an order for additional IT materials, including CCTV cameras and biometric devices, on 27-03-2018. On 29-03-2018, an order
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Corporate debtor approached operational…
Operational Creditor supplied the various…
The case involves a petition filed by M/s. Prophoenix Soft Private Limited (Operational Creditor) against M/s. NRN Broadcasting Network India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Operational Creditor claims that the Corporate Debtor defaulted in paying Rs. 11,09,796/-. The petition seeks admission of the case under the Corporate Insolvency Resolution Process (CIRP), imposition of a moratorium, and appointment of an Interim Resolution Professional (IRP).
M/s. Prophoenix Soft Private Limited (Operational Creditor) filed a petition against M/s. NRN Broadcasting Network India Private Limited (Corporate Debtor) under Section 9 of the IBC, claiming a default of Rs. 11,09,796/-. The Corporate Debtor had requested the supply of IT Hardware Infrastructure from the Operational Creditor. The Operational Creditor supplied various hardware items based on purchase orders, including one dated 27-03-2018. On 29-03-2018, the Operational Creditor supplied IT Infrastructure (Apple Desktops) worth Rs. 6,98,560/-. The Corporate Debtor issued a cheque for Rs. 6,98,560/- on 24-04-2018. The Corporate Debtor also placed an order for additional IT materials, including CCTV cameras and biometric devices, on 27-03-2018. On 29-03-2018, an order
…Corporate debtor approached operational…
Operational Creditor supplied the various…