Dimension Data India Pvt. Ltd. filed C.P. (IB) No.120/BB/2018 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against NxtGen Datacenter and Cloud Technologies Private Limited, alleging a default of Rs.10,89,10,293/-, including a principal amount of Rs.9,60,58,611/- under an Asset Purchase Agreement and Rs.1,28,51,682/- as interest calculated at 12% p.a. until April 30, 2018. The case was listed for hearings on multiple dates.
Dimension Data India Pvt. Ltd. filed a petition (C.P. (IB) No.120/BB/2018) under Section 9 of the IBC, 2016, against NxtGen Datacenter and Cloud Technologies Private Limited, claiming a default of Rs. 10,89,10,293/-. This amount included Rs. 9,60,58,611/- as the principal amount due under an Asset Purchase Agreement and Rs. 1,28,51,682/- as interest calculated until April 30, 2018. The case was listed for hearing on multiple dates. The petitioner then sought to withdraw the petition because a CIRP had already been initiated against the same corporate debtor in C.P. (IB) No. 153/BB/2017, and an IRP had been appointed. The petitioner wanted to file their claim with the IRP in the existing CIRP. The Tribunal allowed the withdrawal.
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Dimension Data India Pvt. Ltd. filed C.P. (IB) No.120/BB/2018 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against NxtGen Datacenter and Cloud Technologies Private Limited, alleging a default of Rs.10,89,10,293/-, including a principal amount of Rs.9,60,58,611/- under an Asset Purchase Agreement and Rs.1,28,51,682/- as interest calculated at 12% p.a. until April 30, 2018. The case was listed for hearings on multiple dates.
Dimension Data India Pvt. Ltd. filed a petition (C.P. (IB) No.120/BB/2018) under Section 9 of the IBC, 2016, against NxtGen Datacenter and Cloud Technologies Private Limited, claiming a default of Rs. 10,89,10,293/-. This amount included Rs. 9,60,58,611/- as the principal amount due under an Asset Purchase Agreement and Rs. 1,28,51,682/- as interest calculated until April 30, 2018. The case was listed for hearing on multiple dates. The petitioner then sought to withdraw the petition because a CIRP had already been initiated against the same corporate debtor in C.P. (IB) No. 153/BB/2017, and an IRP had been appointed. The petitioner wanted to file their claim with the IRP in the existing CIRP. The Tribunal allowed the withdrawal.
Default occurred for a…
The case was li…