M/s. Platinum Communications Private Limited, an operational creditor, filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Primus Lifespaces Private Limited, the corporate debtor, due to a default of Rs. 9,98,756/-. The corporate debtor had engaged the operational creditor for display of outdoor advertisements. The operational creditor raised an invoice for Rs. 8,15,926/-, out of which the corporate debtor paid Rs. 2,00,000/-. The operational creditor alleged non-payment despite providing services, while the corporate debtor claimed deficiency in service.
M/s. Platinum Communications Private Limited (Operational Creditor) provided outdoor advertising services to M/s. Primus Lifespaces Private Limited (Corporate Debtor) starting August 2016. The Operational Creditor raised an invoice (DLP/09/16-17/2015) dated 30.09.2016 and P.O. No. WO/MCY/298 dated 16.08.2016 for Rs. 8,15,926/-. The Corporate Debtor paid Rs. 2,00,000/-. The Operational Creditor issued a legal notice dated 03.10.2018 for Rs. 9,10,062/- (including 18% interest). The Corporate Debtor denied liability, citing deficiency of service in replies dated 26.11.2018 and 02.01.2019. The Operational Creditor issued a demand notice dated 08.01.2019 (Form-4) for Rs. 9,52,713/- (including 18% interest). The Corporate Debtor replied on 18.01.2019, claiming payment and
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M/s. Platinum Communications Private Limited…
P.O. No. WO/MCY/298…
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M/s. Platinum Communications Private Limited, an operational creditor, filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Primus Lifespaces Private Limited, the corporate debtor, due to a default of Rs. 9,98,756/-. The corporate debtor had engaged the operational creditor for display of outdoor advertisements. The operational creditor raised an invoice for Rs. 8,15,926/-, out of which the corporate debtor paid Rs. 2,00,000/-. The operational creditor alleged non-payment despite providing services, while the corporate debtor claimed deficiency in service.
M/s. Platinum Communications Private Limited (Operational Creditor) provided outdoor advertising services to M/s. Primus Lifespaces Private Limited (Corporate Debtor) starting August 2016. The Operational Creditor raised an invoice (DLP/09/16-17/2015) dated 30.09.2016 and P.O. No. WO/MCY/298 dated 16.08.2016 for Rs. 8,15,926/-. The Corporate Debtor paid Rs. 2,00,000/-. The Operational Creditor issued a legal notice dated 03.10.2018 for Rs. 9,10,062/- (including 18% interest). The Corporate Debtor denied liability, citing deficiency of service in replies dated 26.11.2018 and 02.01.2019. The Operational Creditor issued a demand notice dated 08.01.2019 (Form-4) for Rs. 9,52,713/- (including 18% interest). The Corporate Debtor replied on 18.01.2019, claiming payment and
…M/s. Platinum Communications Private Limited…
P.O. No. WO/MCY/298…
Sign in to view related legal provisions.