Mos Logi Technologies Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Black Pepper Technologies Private Limited, alleging a default of Rs. 67,77,252/-. The Operational Creditor and Corporate Debtor entered into an agreement on 28.05.2015, where the Corporate Debtor availed services as Analog/Physical Design. The Corporate Debtor defaulted on payments, leading to the petition. This is the third round of litigation between the parties, with previous settlement attempts failing.
Mos Logi Technologies Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Black Pepper Technologies Private Limited (Corporate Debtor). The Operational Creditor and Corporate Debtor entered into an agreement on 28.05.2015, where the Corporate Debtor availed services as Analog/Physical Design. The Corporate Debtor defaulted on payments, leading to the petition. The outstanding amount is Rs. 67,77,252/-. Previous attempts to settle the matter failed, leading to the restoration of the petition. The Corporate Debtor did not attend the hearing on 10.11.2022, and no objections were filed. The Corporate Debtor had agreed to settle the amount on
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The present petition was filed under section 9…
C.P.(IB)No.274/BB/2019 was disposed of as…
Mos Logi Technologies Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Black Pepper Technologies Private Limited, alleging a default of Rs. 67,77,252/-. The Operational Creditor and Corporate Debtor entered into an agreement on 28.05.2015, where the Corporate Debtor availed services as Analog/Physical Design. The Corporate Debtor defaulted on payments, leading to the petition. This is the third round of litigation between the parties, with previous settlement attempts failing.
Mos Logi Technologies Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Black Pepper Technologies Private Limited (Corporate Debtor). The Operational Creditor and Corporate Debtor entered into an agreement on 28.05.2015, where the Corporate Debtor availed services as Analog/Physical Design. The Corporate Debtor defaulted on payments, leading to the petition. The outstanding amount is Rs. 67,77,252/-. Previous attempts to settle the matter failed, leading to the restoration of the petition. The Corporate Debtor did not attend the hearing on 10.11.2022, and no objections were filed. The Corporate Debtor had agreed to settle the amount on
…The present petition was filed under section 9…
C.P.(IB)No.274/BB/2019 was disposed of as…