G4S Secure Solutions (India) Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against M/s. Elite Townships Private Limited (Corporate Debtor). An agreement was executed between the parties on 24.07.2017, where the Operational Creditor was appointed to provide security services to the Corporate Debtor. The Corporate Debtor was required to pay the amount as per the invoices raised by the Operational Creditor within 7 working days of receipt. The Corporate Debtor failed to make payments for the services provided. The Operational Creditor issued a demand notice dated 06.02.2020 under Section 8 of the IBC, 2016. The total amount claimed was Rs.

G4S Secure Solutions (India) Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against M/s. Elite Townships Private Limited (Corporate Debtor). An agreement was executed between the parties on 24.07.2017, where the Operational Creditor was appointed to provide security services to the Corporate Debtor. The Corporate Debtor was required to pay the amount as per the invoices raised by the Operational Creditor within 7 working days of receipt. The Corporate Debtor failed to make payments for the services provided. The Operational Creditor issued a demand notice dated 06.02.2020 under Section 8 of the IBC, 2016. The total amount claimed was Rs.