Greymatter Entertainment Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Pro Sportify Pvt. Ltd., alleging default in payment for services rendered in connection with the Pro Wrestling League (PWL). Greymatter Entertainment claimed that Pro Sportify failed to pay outstanding invoices despite multiple communications and a legal notice. The corporate debtor, Pro Sportify, contested the claim, asserting that the demand notice was not properly served and that payments had been made for the services rendered.
Greymatter Entertainment Pvt. Ltd., an operational creditor, filed a petition against Pro Sportify Pvt. Ltd., a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. Greymatter Entertainment provided live TV production services for three seasons of the Pro Wrestling League (PWL) held in India in 2015. The total consideration for these services was ₹2,23,29,790/- for Season 1, ₹1,20,00,000/- for Season 2, and ₹1,24,50,000/- for Season 3. A Live Production Agreement was entered into for Season 2 on 29.01.2016. Greymatter Entertainment claimed that Pro Sportify failed to pay ₹65,41,590/- along with 12% interest, with the date of default stated as 10.01.2017. A demand notice was sent on 20.09.2018. Pro Sportify contended that the demand notice was
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Greymatter Entertainment provided live TV…
Operational creditor entered into Live…
Greymatter Entertainment Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Pro Sportify Pvt. Ltd., alleging default in payment for services rendered in connection with the Pro Wrestling League (PWL). Greymatter Entertainment claimed that Pro Sportify failed to pay outstanding invoices despite multiple communications and a legal notice. The corporate debtor, Pro Sportify, contested the claim, asserting that the demand notice was not properly served and that payments had been made for the services rendered.
Greymatter Entertainment Pvt. Ltd., an operational creditor, filed a petition against Pro Sportify Pvt. Ltd., a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. Greymatter Entertainment provided live TV production services for three seasons of the Pro Wrestling League (PWL) held in India in 2015. The total consideration for these services was ₹2,23,29,790/- for Season 1, ₹1,20,00,000/- for Season 2, and ₹1,24,50,000/- for Season 3. A Live Production Agreement was entered into for Season 2 on 29.01.2016. Greymatter Entertainment claimed that Pro Sportify failed to pay ₹65,41,590/- along with 12% interest, with the date of default stated as 10.01.2017. A demand notice was sent on 20.09.2018. Pro Sportify contended that the demand notice was
…Greymatter Entertainment provided live TV…
Operational creditor entered into Live…