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).
NTT Data Business Solutions Pvt. Ltd. (formerly Itelligence India Software Solution Pvt. Ltd.) is the Operational Creditor.
Trident Ltd. is the Corporate Debtor.
An agreement was entered into between the parties on 27.01.2020 for SAP S4 HANA Software implementation.
The Operational Creditor claimed a default of Rs. 3,81,13,654/-.
The Corporate Debtor invoked arbitration on 14.06.2021.
The Operational Creditor issued a demand notice on 28.06.2021.
The Corporate Debtor claimed deficiencies in the work carried out by the Operational Creditor.
The Corporate Debtor filed an Arbitration Case No. 351 of 2021 in the Hon'ble Punjab and Haryana High Court.
The Operational Creditor also filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 at Barnala, Punjab.
…Sign in to view the parties.
Agreement entered into…
Operational Creditor…
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).
NTT Data Business Solutions Pvt. Ltd. (formerly Itelligence India Software Solution Pvt. Ltd.) is the Operational Creditor.
Trident Ltd. is the Corporate Debtor.
An agreement was entered into between the parties on 27.01.2020 for SAP S4 HANA Software implementation.
The Operational Creditor claimed a default of Rs. 3,81,13,654/-.
The Corporate Debtor invoked arbitration on 14.06.2021.
The Operational Creditor issued a demand notice on 28.06.2021.
The Corporate Debtor claimed deficiencies in the work carried out by the Operational Creditor.
The Corporate Debtor filed an Arbitration Case No. 351 of 2021 in the Hon'ble Punjab and Haryana High Court.
The Operational Creditor also filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 at Barnala, Punjab.
…Agreement entered into…
Operational Creditor…