Giesecke & Devrient MS India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Lumata Digital India Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The petition was based on an alleged default in payment of operational debt. The corporate debtor, Lumata Digital India Private Limited, is a company incorporated on 23.11.2009. The operational creditor and the corporate debtor had an agreement for DSTK services, where the corporate debtor was required to reimburse the annual maintenance charges incurred by the operational creditor. The operational creditor claimed that the corporate debtor failed to make payments towards the AMC and revenue share, leading to a default of Rs.
…Giesecke & Devrient MS India Private Limited (Operational Creditor) filed a petition against Lumata Digital India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The claim arose from an agreement for DSTK services, where the Corporate Debtor was to reimburse Annual Maintenance Charges (AMC) to the Operational Creditor. The Operational Creditor claimed a default of Rs. 1,05,79,443/-. An agreement for DSTK Service was executed on 30.03.2012 between the corporate debtor and Smarttrust Infosolution Private Limited (SIPL) for launching DSTK Services through various delivery channels for Uninor subscribers. SIPL later consolidated with the operational creditor vide Deed of Novation dated
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Agreement for DSTK Service executed between…
Giesecke & Devrient MS India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Lumata Digital India Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The petition was based on an alleged default in payment of operational debt. The corporate debtor, Lumata Digital India Private Limited, is a company incorporated on 23.11.2009. The operational creditor and the corporate debtor had an agreement for DSTK services, where the corporate debtor was required to reimburse the annual maintenance charges incurred by the operational creditor. The operational creditor claimed that the corporate debtor failed to make payments towards the AMC and revenue share, leading to a default of Rs.
…Giesecke & Devrient MS India Private Limited (Operational Creditor) filed a petition against Lumata Digital India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The claim arose from an agreement for DSTK services, where the Corporate Debtor was to reimburse Annual Maintenance Charges (AMC) to the Operational Creditor. The Operational Creditor claimed a default of Rs. 1,05,79,443/-. An agreement for DSTK Service was executed on 30.03.2012 between the corporate debtor and Smarttrust Infosolution Private Limited (SIPL) for launching DSTK Services through various delivery channels for Uninor subscribers. SIPL later consolidated with the operational creditor vide Deed of Novation dated
…Lumata Digital India…
Agreement for DSTK Service executed between…