The case involves a petition filed by Reliance Communications and Infrastructure Limited (the Creditor) against TVC Skyshop Limited (the Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Creditor provided 54 mobile phone connections to the Debtor in 2003. A dispute arose due to non-payment of dues, leading the Creditor to send a legal notice on 2004-09-22, demanding Rs. 13,31,800.59. Subsequently, the Creditor filed a Company Petition in 2005 under Sections 433 and 434 of the Companies Act, 1956, before the Bombay High Court, seeking to wind up the Debtor for non-payment of Rs. 19,69,417.11. The High Court directed the Debtor to deposit Rs. 11,00,000 to avoid advertisement of the Company Petition. The Creditor then filed a Summary Suit
…In 2003, Reliance Communications and Infrastructure Limited (Creditor) provided 54 mobile phone connections to TVC Skyshop Limited (Debtor). Due to non-payment of dues, the Creditor sent a legal notice on 2004-09-22 demanding Rs. 13,31,800.59. In 2005, the Creditor filed a Company Petition before the Bombay High Court seeking to wind up the Debtor for non-payment of Rs. 19,69,417.11. The High Court directed the Debtor to deposit Rs. 11,00,000 to avoid advertisement of the Company Petition. The Creditor filed a Summary Suit seeking a decree for Rs. 25,83,078.35 with interest. The Debtor did not appear, and the suit was decreed in favor of the Creditor on 2006-11-07. The Debtor's attempts to set aside the ex-parte decree were unsuccessful at the High Court and Supreme
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The case involves a petition filed by Reliance Communications and Infrastructure Limited (the Creditor) against TVC Skyshop Limited (the Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Creditor provided 54 mobile phone connections to the Debtor in 2003. A dispute arose due to non-payment of dues, leading the Creditor to send a legal notice on 2004-09-22, demanding Rs. 13,31,800.59. Subsequently, the Creditor filed a Company Petition in 2005 under Sections 433 and 434 of the Companies Act, 1956, before the Bombay High Court, seeking to wind up the Debtor for non-payment of Rs. 19,69,417.11. The High Court directed the Debtor to deposit Rs. 11,00,000 to avoid advertisement of the Company Petition. The Creditor then filed a Summary Suit
…In 2003, Reliance Communications and Infrastructure Limited (Creditor) provided 54 mobile phone connections to TVC Skyshop Limited (Debtor). Due to non-payment of dues, the Creditor sent a legal notice on 2004-09-22 demanding Rs. 13,31,800.59. In 2005, the Creditor filed a Company Petition before the Bombay High Court seeking to wind up the Debtor for non-payment of Rs. 19,69,417.11. The High Court directed the Debtor to deposit Rs. 11,00,000 to avoid advertisement of the Company Petition. The Creditor filed a Summary Suit seeking a decree for Rs. 25,83,078.35 with interest. The Debtor did not appear, and the suit was decreed in favor of the Creditor on 2006-11-07. The Debtor's attempts to set aside the ex-parte decree were unsuccessful at the High Court and Supreme
…Creditor provided 54…
Creditor sent legal…