The case involves an application filed by Embee Software Pvt. Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Spartainfotech Solutions Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for software and licenses supplied under an agreement. The Corporate Debtor contested the application, raising disputes regarding the amount due, the existence of a pre-existing dispute, and the validity of the demand notice.
Embee Software Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Spartainfotech Solutions Pvt. Ltd. (Corporate Debtor) for initiating CIRP due to unpaid operational debt. The Corporate Debtor had placed a purchase order on 24.11.2015 for Microsoft products/services from the Operational Creditor, a reseller. An agreement effective from 25.02.2016 was entered into, under which the Operational Creditor was to supply software and licenses for three years to the Corporate Debtor, who would further supply them to approved Government institutions. Invoices were raised periodically from 21.03.2016 to 25.06.2018, based on actual usage, and acknowledged by the Corporate Debtor. The Corporate Debtor made
…Sign in to view the parties.
Corporate Debtor placed a purchase order on…
Agreement between the…
The case involves an application filed by Embee Software Pvt. Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Spartainfotech Solutions Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on payments for software and licenses supplied under an agreement. The Corporate Debtor contested the application, raising disputes regarding the amount due, the existence of a pre-existing dispute, and the validity of the demand notice.
Embee Software Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Spartainfotech Solutions Pvt. Ltd. (Corporate Debtor) for initiating CIRP due to unpaid operational debt. The Corporate Debtor had placed a purchase order on 24.11.2015 for Microsoft products/services from the Operational Creditor, a reseller. An agreement effective from 25.02.2016 was entered into, under which the Operational Creditor was to supply software and licenses for three years to the Corporate Debtor, who would further supply them to approved Government institutions. Invoices were raised periodically from 21.03.2016 to 25.06.2018, based on actual usage, and acknowledged by the Corporate Debtor. The Corporate Debtor made
…Corporate Debtor placed a purchase order on…
Agreement between the…