The case involves an application filed by Beetel Teletech Limited (Operational Creditor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Felix Infotech Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a principal sum of Rs. 2,53,34,992/- and interest of Rs. 43,85,004/-, aggregating to Rs. 2,97,19,996/-. The Corporate Debtor argued that there was a pre-existing dispute regarding the quality and delivery of goods, which should be adjudicated by a civil court.
Beetel Teletech Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Felix Infotech Private Limited (Corporate Debtor) for a default of Rs. 2,97,19,996/-. The debt arose from the supply of goods under various purchase orders. The Operational Creditor claimed that the Corporate Debtor failed to make payments within the agreed 90-day period from the date of each invoice, with an agreed interest of 18% P.A. for delayed payments. The Corporate Debtor admitted to the outstanding amount and issued a balance confirmation certificate on May 18, 2020. However, cheques issued by the Corporate Debtor were dishonored on May 20, 2020. The Corporate Debtor made some payments after March 31, 2020, totaling Rs.
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Invoice RV1927811522…
Invoice RV193…
The case involves an application filed by Beetel Teletech Limited (Operational Creditor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Felix Infotech Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a principal sum of Rs. 2,53,34,992/- and interest of Rs. 43,85,004/-, aggregating to Rs. 2,97,19,996/-. The Corporate Debtor argued that there was a pre-existing dispute regarding the quality and delivery of goods, which should be adjudicated by a civil court.
Beetel Teletech Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Felix Infotech Private Limited (Corporate Debtor) for a default of Rs. 2,97,19,996/-. The debt arose from the supply of goods under various purchase orders. The Operational Creditor claimed that the Corporate Debtor failed to make payments within the agreed 90-day period from the date of each invoice, with an agreed interest of 18% P.A. for delayed payments. The Corporate Debtor admitted to the outstanding amount and issued a balance confirmation certificate on May 18, 2020. However, cheques issued by the Corporate Debtor were dishonored on May 20, 2020. The Corporate Debtor made some payments after March 31, 2020, totaling Rs.
…Invoice RV1927811522…
Invoice RV193…