# In the matter of Pro Sportify Pvt. Ltd. CP (IB) No.9-Chd-Hry-2019

> NCLT judgment dated 2021-07-27. Citation: TCN-2021-NCLT-01602. Greymatter Entertainment Pvt. Ltd. filed a petition under Section 9 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 27 Jul 2021
- **Citation:** TCN-2021-NCLT-01602
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/pro-sportify-pvt-ltd-cp-ib-no9-chd-hry-2019-8a0ce803

## Summary

### Background

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.

## Facts

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

…

## Issues and analysis

### Issue 1: Whether the statutory demand notice issued by the petitioner was valid and duly delivered on the …

**Ratio:** Service of a demand notice at the Corporate Office address or any other address where the

…

**Reasoning:** The court found that the demand notice was sent to the Corporate Office address and Okhla

…

**Interpretation:** This interpretation clarifies that the location of service for a demand notice

…

**Application:** Since the demand notice was served at the Corporate Office and Okhla address,

…

## Parties

- **Judges:** Ajay Kumar…; RAGHU N…; +1 more
- **Appellants:** Greymatter…
- **Respondents:** Pro Sportify Pvt.…
- **Advocates:** Abhishek…; Aalok J…; +1 more

## Timeline

- **2015-01-01 — Pro Wrestling League…**: Greymatter Entertainment provided live TV production services for Season 1, Season 2 &…
- **2016-01-29 — Live Production…**: Operational creditor entered into Live Production Agreement with the corporate debtor for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/pro-sportify-pvt-ltd-cp-ib-no9-chd-hry-2019-8a0ce803