The case involves an application filed by Projects India Enterprise, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against RT Network Solutions Private Limited, the corporate debtor. Projects India Enterprise claims that RT Network Solutions owes them Rs. 4,56,05,851/-, including principal and interest, for services provided. Despite a demand notice, RT Network Solutions failed to discharge the debt or dispute it.
Projects India Enterprise, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against RT Network Solutions Private Limited, the corporate debtor. Projects India Enterprise claimed that RT Network Solutions owed them Rs. 3,51,12,504/- as principal, plus accrued interest amounting to Rs. 1,04,93,347/-, totaling Rs. 4,56,05,851/-. This debt arose from services provided by Projects India Enterprise to RT Network Solutions, evidenced by 15 invoices issued between January 20, 2016, and March 31, 2016. RT Network Solutions had paid Rs. 10,00,000/- towards the debt. A demand notice was issued to RT Network Solutions on August 1, 2017, demanding the unpaid amount,
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The applicant issued 15…
The applicant issued 15…
The case involves an application filed by Projects India Enterprise, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against RT Network Solutions Private Limited, the corporate debtor. Projects India Enterprise claims that RT Network Solutions owes them Rs. 4,56,05,851/-, including principal and interest, for services provided. Despite a demand notice, RT Network Solutions failed to discharge the debt or dispute it.
Projects India Enterprise, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against RT Network Solutions Private Limited, the corporate debtor. Projects India Enterprise claimed that RT Network Solutions owed them Rs. 3,51,12,504/- as principal, plus accrued interest amounting to Rs. 1,04,93,347/-, totaling Rs. 4,56,05,851/-. This debt arose from services provided by Projects India Enterprise to RT Network Solutions, evidenced by 15 invoices issued between January 20, 2016, and March 31, 2016. RT Network Solutions had paid Rs. 10,00,000/- towards the debt. A demand notice was issued to RT Network Solutions on August 1, 2017, demanding the unpaid amount,
…The applicant issued 15…
The applicant issued 15…