The case involves an application filed by Ms. Richa Dave, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Purple Thoughts India Private Limited, the Corporate Debtor, for defaulting on a payment of Rs. 4,15,730/-. The application was filed due to the Corporate Debtor's failure to pay for services rendered under contracts dated 25.04.2017 and 05.06.2017. A demand notice was issued on 28.12.2021.
Ms. Richa Dave, the Applicant/Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Purple Thoughts India Private Limited, the Corporate Debtor/Respondent. The application was based on the Corporate Debtor's alleged default in payment of Rs. 4,15,730/- for services rendered under contracts dated 25.04.2017 and 05.06.2017. The Applicant terminated the contract via email on 25.04.2019. The amount of Rs. 4,15,730/- fell due on 25.04.2019. A statutory demand notice was sent on 28.12.2021. The application was filed on 20.01.2022. The key fact is that the debt amount was less than Rs. 1 crore, and the application was filed after the notification dated
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The case involves an application filed by Ms. Richa Dave, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Purple Thoughts India Private Limited, the Corporate Debtor, for defaulting on a payment of Rs. 4,15,730/-. The application was filed due to the Corporate Debtor's failure to pay for services rendered under contracts dated 25.04.2017 and 05.06.2017. A demand notice was issued on 28.12.2021.
Ms. Richa Dave, the Applicant/Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Purple Thoughts India Private Limited, the Corporate Debtor/Respondent. The application was based on the Corporate Debtor's alleged default in payment of Rs. 4,15,730/- for services rendered under contracts dated 25.04.2017 and 05.06.2017. The Applicant terminated the contract via email on 25.04.2019. The amount of Rs. 4,15,730/- fell due on 25.04.2019. A statutory demand notice was sent on 28.12.2021. The application was filed on 20.01.2022. The key fact is that the debt amount was less than Rs. 1 crore, and the application was filed after the notification dated
…One of the contract…
Another contract date…