The case originates from a Company Petition filed by Epigram, an Operational Creditor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Swiss Entertainment Pvt. Ltd., the Corporate Debtor, for alleged default in payment for services rendered. The Operational Creditor provided services such as publicity design, film announcements, and print advertisement campaigns. The Corporate Debtor allegedly failed to pay a principal sum of Rs. 44,00,168 along with interest amounting to Rs. 11,24,704 until March 29, 2019, totaling Rs. 55,38,347. The Operational Creditor issued a demand notice on August 2, 2018, to which the Corporate Debtor replied on August 9, 2018, claiming a pre-existing dispute regarding the quality of work.
Epigram, the Operational Creditor, provided publicity design, film announcement, and print advertisement campaign services to Swiss Entertainment Pvt. Ltd., the Corporate Debtor. The Corporate Debtor allegedly defaulted on payments totaling Rs. 55,38,347, including principal and interest. The Operational Creditor sent a demand notice on August 2, 2018. The Corporate Debtor replied on August 9, 2018, claiming a pre-existing dispute regarding the quality of work. The Operational Creditor sent a letter on March 7, 2018, demanding payment of Rs. 36,75,680. The Corporate Debtor responded on March 17, 2018, raising disputes about the quality of work and withholding of social media accounts. The Operational Creditor filed a Company Petition on April 2, 2019. The Corporate
…Sign in to view the parties.
Date of the Engagement…
Corporate Debtor…
The case originates from a Company Petition filed by Epigram, an Operational Creditor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Swiss Entertainment Pvt. Ltd., the Corporate Debtor, for alleged default in payment for services rendered. The Operational Creditor provided services such as publicity design, film announcements, and print advertisement campaigns. The Corporate Debtor allegedly failed to pay a principal sum of Rs. 44,00,168 along with interest amounting to Rs. 11,24,704 until March 29, 2019, totaling Rs. 55,38,347. The Operational Creditor issued a demand notice on August 2, 2018, to which the Corporate Debtor replied on August 9, 2018, claiming a pre-existing dispute regarding the quality of work.
Epigram, the Operational Creditor, provided publicity design, film announcement, and print advertisement campaign services to Swiss Entertainment Pvt. Ltd., the Corporate Debtor. The Corporate Debtor allegedly defaulted on payments totaling Rs. 55,38,347, including principal and interest. The Operational Creditor sent a demand notice on August 2, 2018. The Corporate Debtor replied on August 9, 2018, claiming a pre-existing dispute regarding the quality of work. The Operational Creditor sent a letter on March 7, 2018, demanding payment of Rs. 36,75,680. The Corporate Debtor responded on March 17, 2018, raising disputes about the quality of work and withholding of social media accounts. The Operational Creditor filed a Company Petition on April 2, 2019. The Corporate
…Date of the Engagement…
Corporate Debtor…