M/s NTT Data Business Solutions Pvt. Ltd. (Operational Creditor/Petitioner) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Trident Ltd. (Corporate Debtor/Respondent). The Operational Creditor is in the business of providing Software Solutions in SAP Consulting, Technology and Outsourcing Services. The Corporate Debtor wanted to implement SAP S4 HANA Software.
NTT Data Business Solutions Pvt. Ltd. (formerly known as Itelligence India Software Solution Pvt. Ltd.) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Trident Ltd.
An agreement was entered into between NTT Data and Trident Ltd. on 27.01.2020 for implementing SAP S4 HANA Software, with a timeline of 14 months.
NTT Data raised invoices for the work done, but Trident Ltd. put the project on hold due to Covid-19 related lockdown and hardware delivery issues.
Trident Ltd. acknowledged and accepted to pay Rs. 3,81,13,654/- to NTT Data.
NTT Data sent a notice on 11.06.2021 for clearing outstanding dues.
Trident Ltd. invoked arbitration and sent a notice on 14.06.2021.
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Agreement between NTT…
NTT Data sent a notice…
M/s NTT Data Business Solutions Pvt. Ltd. (Operational Creditor/Petitioner) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Trident Ltd. (Corporate Debtor/Respondent). The Operational Creditor is in the business of providing Software Solutions in SAP Consulting, Technology and Outsourcing Services. The Corporate Debtor wanted to implement SAP S4 HANA Software.
NTT Data Business Solutions Pvt. Ltd. (formerly known as Itelligence India Software Solution Pvt. Ltd.) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Trident Ltd.
An agreement was entered into between NTT Data and Trident Ltd. on 27.01.2020 for implementing SAP S4 HANA Software, with a timeline of 14 months.
NTT Data raised invoices for the work done, but Trident Ltd. put the project on hold due to Covid-19 related lockdown and hardware delivery issues.
Trident Ltd. acknowledged and accepted to pay Rs. 3,81,13,654/- to NTT Data.
NTT Data sent a notice on 11.06.2021 for clearing outstanding dues.
Trident Ltd. invoked arbitration and sent a notice on 14.06.2021.
…Agreement between NTT…
NTT Data sent a notice…