The case pertains to an application filed by BSMART Tech. (P) Limited, an Operational Creditor (OC), under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) for initiating the Corporate Insolvency Resolution Process (CIRP) against O-ZONE NETWORKS (P) LTD, the Corporate Debtor (CD), due to default in payment of operational debt. The petitioner claims that the corporate debtor has defaulted on payments for services related to SMS Network and bulk SMS MT services.
BSMART Tech. (P) Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against O-ZONE NETWORKS (P) LTD, the Corporate Debtor. The Corporate Debtor was incorporated on 01.08.2007. The Operational Creditor provided SMS Network and bulk SMS MT services to the Corporate Debtor, raising four invoices totaling Rs. 18,05,420.73. The invoices remained unpaid. A demand notice was issued on 03.12.2018 under Section 8 of the IBC, 2016. The Corporate Debtor did not pay the amount or provide a notice of dispute. The Corporate Debtor's advocate initially stated no defense but could not file Vakalatnama. The Corporate Debtor did not appear before the Tribunal to defend its case despite receiving notice. The
…Sign in to view the parties.
O-ZONE NETWORKS…
First invoice…
The case pertains to an application filed by BSMART Tech. (P) Limited, an Operational Creditor (OC), under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) for initiating the Corporate Insolvency Resolution Process (CIRP) against O-ZONE NETWORKS (P) LTD, the Corporate Debtor (CD), due to default in payment of operational debt. The petitioner claims that the corporate debtor has defaulted on payments for services related to SMS Network and bulk SMS MT services.
BSMART Tech. (P) Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against O-ZONE NETWORKS (P) LTD, the Corporate Debtor. The Corporate Debtor was incorporated on 01.08.2007. The Operational Creditor provided SMS Network and bulk SMS MT services to the Corporate Debtor, raising four invoices totaling Rs. 18,05,420.73. The invoices remained unpaid. A demand notice was issued on 03.12.2018 under Section 8 of the IBC, 2016. The Corporate Debtor did not pay the amount or provide a notice of dispute. The Corporate Debtor's advocate initially stated no defense but could not file Vakalatnama. The Corporate Debtor did not appear before the Tribunal to defend its case despite receiving notice. The
…O-ZONE NETWORKS…
First invoice…