Emgee Media Integrated Services Pvt Ltd, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Vyjayanthi Televentures Private Limited, the Corporate Debtor, alleging non-payment of Rs. 9,09,80,000/-. The Financial Creditor claimed that this amount was due as an unsecured loan as of 31.03.2016. The Corporate Debtor denied the averments, arguing that the application was not maintainable and that the Financial Creditor had already filed a Company Petition No. 401/241/HDB/2018 under various sections of the Companies Act, 2013, against the Corporate Debtor. The Corporate Debtor also contended that the Financial Creditor and its sister concern were trying to harass the Corporate Debtor by initiating multiple IBC
…Emgee Media Integrated Services Pvt Ltd (Financial Creditor) claimed Vyjayanthi Televentures Private Limited (Corporate Debtor) owed Rs. 9,09,80,000/- as an unsecured loan as of 31.03.2016. The Financial Creditor filed a petition under Section 7 of the IBC. The Corporate Debtor denied the debt and argued the petition was not maintainable. The Corporate Debtor claimed the Financial Creditor had already filed a Company Petition No. 401/241/HDB/2018 under the Companies Act, 2013. The Corporate Debtor also alleged harassment through multiple IBC proceedings. The Financial Creditor issued a demand notice on 22.05.2019, which the Corporate Debtor replied to on 06.06.2019. The Corporate Debtor argued that the Financial Creditor's claim was barred by limitation. The Corporate
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Letter of confirmation of balance amount dated…
Emgee Media Integrated Services Pvt Ltd, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Vyjayanthi Televentures Private Limited, the Corporate Debtor, alleging non-payment of Rs. 9,09,80,000/-. The Financial Creditor claimed that this amount was due as an unsecured loan as of 31.03.2016. The Corporate Debtor denied the averments, arguing that the application was not maintainable and that the Financial Creditor had already filed a Company Petition No. 401/241/HDB/2018 under various sections of the Companies Act, 2013, against the Corporate Debtor. The Corporate Debtor also contended that the Financial Creditor and its sister concern were trying to harass the Corporate Debtor by initiating multiple IBC
…Emgee Media Integrated Services Pvt Ltd (Financial Creditor) claimed Vyjayanthi Televentures Private Limited (Corporate Debtor) owed Rs. 9,09,80,000/- as an unsecured loan as of 31.03.2016. The Financial Creditor filed a petition under Section 7 of the IBC. The Corporate Debtor denied the debt and argued the petition was not maintainable. The Corporate Debtor claimed the Financial Creditor had already filed a Company Petition No. 401/241/HDB/2018 under the Companies Act, 2013. The Corporate Debtor also alleged harassment through multiple IBC proceedings. The Financial Creditor issued a demand notice on 22.05.2019, which the Corporate Debtor replied to on 06.06.2019. The Corporate Debtor argued that the Financial Creditor's claim was barred by limitation. The Corporate
…Financial Creditor claims the date of…
Letter of confirmation of balance amount dated…