First Walkin Technologies Pvt. Ltd., the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Coffee Day Global Limited, the corporate debtor, due to unpaid operational debt. The corporate debtor was intending to launch a digital application called the 'CCD Mobile App' and engaged the services of Fourthlion Technologies Private Limited, later assigned to First Walkin Technologies Pvt. Ltd. The operational creditor raised invoices for services rendered, but the corporate debtor disputed the amount, citing a suspension on CIRP initiation for defaults arising after March 25th. The operational creditor issued demand notices, which the corporate debtor responded
…First Walkin Technologies Pvt. Ltd. filed a petition to initiate CIRP against Coffee Day Global Limited for an unpaid operational debt of Rs. 1,75,73,690/-. The debt arose from services rendered by First Walkin Technologies, as the assignee of Fourthlion Technologies, for the development of a 'CCD Mobile App'. The Corporate Debtor acknowledged the debt via email communications in March 2020. However, the Corporate Debtor disputed the debt, citing deficiencies in the services and an ongoing commercial suit. The Corporate Debtor issued a notice of dispute in response to the Operational Creditor's demand notice. The Corporate Debtor had paid approximately INR 22,32,51,791/- to the Petitioner and Fourthlion for the development of the CCD Mobile App. The Corporate Debtor
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Addendum executed to the Digital Application…
First Walkin Technologies Pvt. Ltd., the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Coffee Day Global Limited, the corporate debtor, due to unpaid operational debt. The corporate debtor was intending to launch a digital application called the 'CCD Mobile App' and engaged the services of Fourthlion Technologies Private Limited, later assigned to First Walkin Technologies Pvt. Ltd. The operational creditor raised invoices for services rendered, but the corporate debtor disputed the amount, citing a suspension on CIRP initiation for defaults arising after March 25th. The operational creditor issued demand notices, which the corporate debtor responded
…First Walkin Technologies Pvt. Ltd. filed a petition to initiate CIRP against Coffee Day Global Limited for an unpaid operational debt of Rs. 1,75,73,690/-. The debt arose from services rendered by First Walkin Technologies, as the assignee of Fourthlion Technologies, for the development of a 'CCD Mobile App'. The Corporate Debtor acknowledged the debt via email communications in March 2020. However, the Corporate Debtor disputed the debt, citing deficiencies in the services and an ongoing commercial suit. The Corporate Debtor issued a notice of dispute in response to the Operational Creditor's demand notice. The Corporate Debtor had paid approximately INR 22,32,51,791/- to the Petitioner and Fourthlion for the development of the CCD Mobile App. The Corporate Debtor
…Agreement executed between the Corporate…
Addendum executed to the Digital Application…