The case involves a petition filed by ESDA Software Solution Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Rigved Technologies Private Limited (Corporate Debtor) for an operational debt of Rs. 2,78,88,969. The Corporate Debtor was awarded a project by SEBI to provide an Annual Maintenance Contract (AMC). The Corporate Debtor approached the Petitioner for purchase and supply of various Software related AMC services to SEBI for the said project. The Corporate Debtor issued two purchase orders to the Petitioner. The Petitioner also supplied additional services. The Corporate Debtor failed to make payments despite repeated acknowledgments of the debt
…ESDA Software Solution Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Rigved Technologies Private Limited (Corporate Debtor). The claim is for an operational debt of Rs. 2,78,88,969. The Corporate Debtor was awarded a project by the Securities and Exchange Board of India (SEBI) for an Annual Maintenance Contract (AMC). The Corporate Debtor approached the Petitioner for software-related AMC services for the SEBI project. The Corporate Debtor issued two purchase orders to the Petitioner. The Petitioner also supplied additional services. The Corporate Debtor failed to make payments despite acknowledging the debt. The Petitioner issued a demand
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The Corporate Debtor was awarded a project by…
A confirmation letter dated 24.07.2019 was…
The case involves a petition filed by ESDA Software Solution Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Rigved Technologies Private Limited (Corporate Debtor) for an operational debt of Rs. 2,78,88,969. The Corporate Debtor was awarded a project by SEBI to provide an Annual Maintenance Contract (AMC). The Corporate Debtor approached the Petitioner for purchase and supply of various Software related AMC services to SEBI for the said project. The Corporate Debtor issued two purchase orders to the Petitioner. The Petitioner also supplied additional services. The Corporate Debtor failed to make payments despite repeated acknowledgments of the debt
…ESDA Software Solution Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Rigved Technologies Private Limited (Corporate Debtor). The claim is for an operational debt of Rs. 2,78,88,969. The Corporate Debtor was awarded a project by the Securities and Exchange Board of India (SEBI) for an Annual Maintenance Contract (AMC). The Corporate Debtor approached the Petitioner for software-related AMC services for the SEBI project. The Corporate Debtor issued two purchase orders to the Petitioner. The Petitioner also supplied additional services. The Corporate Debtor failed to make payments despite acknowledging the debt. The Petitioner issued a demand
…The Corporate Debtor was awarded a project by…
A confirmation letter dated 24.07.2019 was…