ID8 Media Solutions Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sparsh Infratech Private Limited, claiming a debt of Rs. 13,13,519/- as the principal amount and Rs. 1,44,355/- as interest. The Operational Creditor provided consultancy services to the Corporate Debtor as per an agreement dated 14.07.2017. The Corporate Debtor disputed the claim, alleging that there was a pre-existing dispute regarding the amount and the quality of services provided. The Corporate Debtor also claimed that the Operational Creditor was relying on proforma invoices and not tax invoices. The Corporate Debtor further contended that the agreement was terminated and that
…ID8 Media Solutions Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sparsh Infratech Private Limited (Corporate Debtor) for a debt of Rs. 13,13,519/- plus interest. The Operational Creditor provided consultancy services to the Corporate Debtor under an agreement dated 14.07.2017. The Operational Creditor raised 11 invoices and 3 vouchers between 01.02.2018 and 26.11.2018. The Corporate Debtor failed to pay the agreed fees. The Operational Creditor issued a demand notice dated 19.11.2019. The Corporate Debtor replied to the demand notice on 11.12.2019, disputing the claim. The Corporate Debtor claimed that there was a pre-existing dispute regarding the amount and the quality of services. The
…Sign in to view the parties.
Agreement between ID8 Media Solutions…
Start of the period for…
ID8 Media Solutions Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sparsh Infratech Private Limited, claiming a debt of Rs. 13,13,519/- as the principal amount and Rs. 1,44,355/- as interest. The Operational Creditor provided consultancy services to the Corporate Debtor as per an agreement dated 14.07.2017. The Corporate Debtor disputed the claim, alleging that there was a pre-existing dispute regarding the amount and the quality of services provided. The Corporate Debtor also claimed that the Operational Creditor was relying on proforma invoices and not tax invoices. The Corporate Debtor further contended that the agreement was terminated and that
…ID8 Media Solutions Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sparsh Infratech Private Limited (Corporate Debtor) for a debt of Rs. 13,13,519/- plus interest. The Operational Creditor provided consultancy services to the Corporate Debtor under an agreement dated 14.07.2017. The Operational Creditor raised 11 invoices and 3 vouchers between 01.02.2018 and 26.11.2018. The Corporate Debtor failed to pay the agreed fees. The Operational Creditor issued a demand notice dated 19.11.2019. The Corporate Debtor replied to the demand notice on 11.12.2019, disputing the claim. The Corporate Debtor claimed that there was a pre-existing dispute regarding the amount and the quality of services. The
…Agreement between ID8 Media Solutions…
Start of the period for…