The Operational Creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to unpaid operational debt for manpower services.
Quess Corp Limited, the Operational Creditor, filed an application on April 14, 2022, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Wardwiz (India) Solutions Private Limited, the Corporate Debtor. The Operational Creditor provides manpower services, and the Corporate Debtor is involved in marketing and distribution of anti-virus software. The Corporate Debtor engaged the Operational Creditor for manpower services, entering into a Service Agreement on June 25, 2018. The agreement stipulated that payments for invoices were due within 30 working days. The Operational Creditor raised several
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The Operational Creditor and Corporate…
Invoices raised on this…
The Operational Creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to unpaid operational debt for manpower services.
Quess Corp Limited, the Operational Creditor, filed an application on April 14, 2022, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Wardwiz (India) Solutions Private Limited, the Corporate Debtor. The Operational Creditor provides manpower services, and the Corporate Debtor is involved in marketing and distribution of anti-virus software. The Corporate Debtor engaged the Operational Creditor for manpower services, entering into a Service Agreement on June 25, 2018. The agreement stipulated that payments for invoices were due within 30 working days. The Operational Creditor raised several
…The Operational Creditor and Corporate…
Invoices raised on this…