Cryon Software Experts India Pvt Ltd, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bodhtree Consulting Ltd, the corporate debtor, for defaulting on a debt of Rs. 9,24,37,791. The operational creditor provides software products and consulting services. The corporate debtor is a limited company that transforms businesses using cloud analytics and digital solutions. The dispute arose from two purchase orders. The first purchase order was fulfilled, and payment was made. The second purchase order led to an invoice of Rs. 6,39,44,753, for which the corporate debtor issued a cheque that was later stopped. The operational creditor issued a demand notice, which the corporate debtor replied to, alleging a
…Cryon Software Experts India Pvt Ltd (Operational Creditor) supplied software products and consulting services to Bodhtree Consulting Ltd (Corporate Debtor). The Corporate Debtor issued a tender in favor of 'Madhya Pradesh Poorv Kshetra Vidyut Vitaran Limited' for providing required services. The Corporate Debtor approached the Operational Creditor for Microsoft Cloud and Software Licensing services for their customer. Both parties entered into an agreement on 2017-04-29, which was renewed until 2018-12-31. The Operational Creditor raised an invoice for Rs. 6,39,44,753 on 2018-06-29, with payment due in 55 days. The Corporate Debtor issued a cheque for the same amount, which was returned unpaid on 2018-08-30 with the remark 'PAYMENT STOPPED BY DRAWER'. The Operational
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Operational Creditor…
Operational Creditor…
Cryon Software Experts India Pvt Ltd, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bodhtree Consulting Ltd, the corporate debtor, for defaulting on a debt of Rs. 9,24,37,791. The operational creditor provides software products and consulting services. The corporate debtor is a limited company that transforms businesses using cloud analytics and digital solutions. The dispute arose from two purchase orders. The first purchase order was fulfilled, and payment was made. The second purchase order led to an invoice of Rs. 6,39,44,753, for which the corporate debtor issued a cheque that was later stopped. The operational creditor issued a demand notice, which the corporate debtor replied to, alleging a
…Cryon Software Experts India Pvt Ltd (Operational Creditor) supplied software products and consulting services to Bodhtree Consulting Ltd (Corporate Debtor). The Corporate Debtor issued a tender in favor of 'Madhya Pradesh Poorv Kshetra Vidyut Vitaran Limited' for providing required services. The Corporate Debtor approached the Operational Creditor for Microsoft Cloud and Software Licensing services for their customer. Both parties entered into an agreement on 2017-04-29, which was renewed until 2018-12-31. The Operational Creditor raised an invoice for Rs. 6,39,44,753 on 2018-06-29, with payment due in 55 days. The Corporate Debtor issued a cheque for the same amount, which was returned unpaid on 2018-08-30 with the remark 'PAYMENT STOPPED BY DRAWER'. The Operational
…Operational Creditor…
Operational Creditor…