The case involves a Company Petition filed by M/s. Star India Private Limited (Operational Creditor) against M/s. SANNY DIGITAL COMMUNICATIONS PRIVATE LIMITED (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided broadcasting services to the Corporate Debtor, who is a Multi System Operator (MSO). Subscription Lease Agreements were entered into, but the Corporate Debtor defaulted on payments. The Operational Creditor issued a demand notice, but no payment was received.
M/s. Star India Private Limited (Operational Creditor) filed a Company Petition against M/s. SANNY DIGITAL COMMUNICATIONS PRIVATE LIMITED (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to unpaid subscription fees. The Corporate Debtor, a Multi System Operator (MSO), received broadcasting services from the Operational Creditor under Subscription Lease Agreements. The Operational Creditor provided signals of channels to the Corporate Debtor and raised invoices for the agreed Licence fee. The Corporate Debtor defaulted on payments, with Rs.54,68,629/- remaining due from previous agreements. A Licence Agreement dated 08.08.2017 fixed the monthly licence fee at Rs.30,00,000/-. The Corporate Debtor made a payment of Rs. 1,08,50,000/-,
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Licence Agreement…
The case involves a Company Petition filed by M/s. Star India Private Limited (Operational Creditor) against M/s. SANNY DIGITAL COMMUNICATIONS PRIVATE LIMITED (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor provided broadcasting services to the Corporate Debtor, who is a Multi System Operator (MSO). Subscription Lease Agreements were entered into, but the Corporate Debtor defaulted on payments. The Operational Creditor issued a demand notice, but no payment was received.
M/s. Star India Private Limited (Operational Creditor) filed a Company Petition against M/s. SANNY DIGITAL COMMUNICATIONS PRIVATE LIMITED (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to unpaid subscription fees. The Corporate Debtor, a Multi System Operator (MSO), received broadcasting services from the Operational Creditor under Subscription Lease Agreements. The Operational Creditor provided signals of channels to the Corporate Debtor and raised invoices for the agreed Licence fee. The Corporate Debtor defaulted on payments, with Rs.54,68,629/- remaining due from previous agreements. A Licence Agreement dated 08.08.2017 fixed the monthly licence fee at Rs.30,00,000/-. The Corporate Debtor made a payment of Rs. 1,08,50,000/-,
…Start of the agreement…
Licence Agreement…