Gozoop Online Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Om Pizzas and Eats India Pvt. Ltd. The basis for the petition was the respondent's alleged inability to liquidate its financial debts. Gozoop, the Operational Creditor, claimed that Om Pizzas, the Corporate Debtor, had failed to pay for digital media services provided under a service agreement. Invoices were raised between December 5, 2016, and May 9, 2017, totaling Rs. 19,20,492/-. Despite repeated reminders, Om Pizzas allegedly failed to pay the outstanding amounts.
Gozoop Online Private Limited (Operational Creditor) provided digital media services to Om Pizzas and Eats India Pvt. Ltd. (Corporate Debtor) under a service agreement. Eight invoices were raised between December 5, 2016, and May 9, 2017, totaling Rs. 19,20,492/-. Despite repeated reminders, the Corporate Debtor failed to pay the amounts due. The Operational Creditor relied on emails acknowledging the debt but cited reconciliation issues. A demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC) was issued but not replied to, nor was any dispute raised. The Corporate Debtor, through its counsel, acknowledged the unpaid operational debt but expressed an inability to liquidate it due to financial distress. The petition was filed in the required format,
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Gozoop Online Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Om Pizzas and Eats India Pvt. Ltd. The basis for the petition was the respondent's alleged inability to liquidate its financial debts. Gozoop, the Operational Creditor, claimed that Om Pizzas, the Corporate Debtor, had failed to pay for digital media services provided under a service agreement. Invoices were raised between December 5, 2016, and May 9, 2017, totaling Rs. 19,20,492/-. Despite repeated reminders, Om Pizzas allegedly failed to pay the outstanding amounts.
Gozoop Online Private Limited (Operational Creditor) provided digital media services to Om Pizzas and Eats India Pvt. Ltd. (Corporate Debtor) under a service agreement. Eight invoices were raised between December 5, 2016, and May 9, 2017, totaling Rs. 19,20,492/-. Despite repeated reminders, the Corporate Debtor failed to pay the amounts due. The Operational Creditor relied on emails acknowledging the debt but cited reconciliation issues. A demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC) was issued but not replied to, nor was any dispute raised. The Corporate Debtor, through its counsel, acknowledged the unpaid operational debt but expressed an inability to liquidate it due to financial distress. The petition was filed in the required format,
…First invoice raised…
Last invoice ra…