# In the matter of Topsgrup Service (India) Limited CP 479 (IB)-MB-2019

> NCLT judgment dated 2019-09-23. Citation: TCN-2019-NCLT-01315. This is an application filed by Olevia.com, the Operational Creditor/Applicant, against…

- **Court:** NCLT
- **Order date:** 23 Sept 2019
- **Citation:** TCN-2019-NCLT-01315
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/topsgrup-service-india-limited-cp-479-ib-mb-2019-4f2a05bf

## Summary

### Background

This is an application filed by Olevia.com, the Operational Creditor/Applicant, against Topsgrup Service (India) Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claims a default of ₹7,80,138.25 for services rendered to the online portal of the Corporate Debtor. The Operational Creditor raised 20 invoices from 01.09.2017 to 08.06.2018 for the services rendered to the Corporate Debtor, for a principal sum of ₹6,59,922.60. The Applicant has claimed a sum of ₹1,20,138.65, making the total claim amount ₹7,80,138.25 as on 04.12.2018.

## Facts

Olevia.com, an operational creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Topsgrup Service (India) Limited, the corporate debtor. The claim is based on a default of ₹7,80,138.25 for services rendered. The operational creditor issued 20 invoices between 01.09.2017 and 08.06.2018 totaling ₹6,59,922.60. The total claim, including interest, amounts to ₹7,80,138.25 as of 04.12.2018. The corporate debtor initially acknowledged the debt via email on 10.08.2018 but later disputed the claim, citing deficiencies in service. The corporate debtor issued a reply notice dated 26.09.2018, disputing the demand notice. The operational creditor served the corporate

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## Issues and analysis

### Issue 1: Whether the application under Section 9 of the I&B Code, 2016 for initiation of CIRP against …

**Ratio:** The Hon'ble Supreme Court in the case of "Mobilox Innovations Private Limited v.

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**Reasoning:** The court observed that the Corporate Debtor acknowledged its liability vide email dated

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**Interpretation:** The Supreme Court's ruling in Mobilox Innovations clarifies that the

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**Application:** Applying the Mobilox Innovations precedent, the court found that no real

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## Parties

- **Judges:** Mr V. P.…; Mr Rajesh…
- **Appellants:** Olevia…
- **Respondents:** Topsgrup Service…

## Timeline

- **2017-09-01 — Invoice Perio…**: Start date of the period for which the…
- **2018-06-08 — Invoice Per…**: End date of the period for which the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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