Haren Sanghvi & Associates, an operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against CDigital Arts & Crafts Private Limited, the corporate debtor, for a resolution of operational debt amounting to Rs. 37,07,175. The operational creditor provided accounting and management advisory services to the corporate debtor and raised invoices for the same, which remained unpaid. The corporate debtor failed to make payments despite numerous emails and a demand notice.
Haren Sanghvi & Associates, a Chartered Accountancy firm, provided accounting and management advisory services to CDigital Arts & Crafts Private Limited. The services were provided during the financial years 2016-2017, 2017-2018, and 2018-2019. The Operational Creditor raised six invoices for these services, with payment due within 10 days of receipt. The Corporate Debtor failed to make any payments towards these invoices, even beyond the due dates. The invoices included fees for VAT appeals for FY 2007-2008, FY 2010-2011, and VAT assessment orders for FY 2009-2010, as well as assessment orders for FYS 2007-08, 2009-10, 2010-11 and 2011-12. The Operational Creditor also claimed MSME interest amounts payable as of 31/03/2017, 31/03/2018, and 31/03/2019. The
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The Applicant sent numerous emails during the…
Invoice No.113/16-17 dated 21/07/2016 for filing…
Haren Sanghvi & Associates, an operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against CDigital Arts & Crafts Private Limited, the corporate debtor, for a resolution of operational debt amounting to Rs. 37,07,175. The operational creditor provided accounting and management advisory services to the corporate debtor and raised invoices for the same, which remained unpaid. The corporate debtor failed to make payments despite numerous emails and a demand notice.
Haren Sanghvi & Associates, a Chartered Accountancy firm, provided accounting and management advisory services to CDigital Arts & Crafts Private Limited. The services were provided during the financial years 2016-2017, 2017-2018, and 2018-2019. The Operational Creditor raised six invoices for these services, with payment due within 10 days of receipt. The Corporate Debtor failed to make any payments towards these invoices, even beyond the due dates. The invoices included fees for VAT appeals for FY 2007-2008, FY 2010-2011, and VAT assessment orders for FY 2009-2010, as well as assessment orders for FYS 2007-08, 2009-10, 2010-11 and 2011-12. The Operational Creditor also claimed MSME interest amounts payable as of 31/03/2017, 31/03/2018, and 31/03/2019. The
…The Applicant sent numerous emails during the…
Invoice No.113/16-17 dated 21/07/2016 for filing…