Parsvatech Workspaces Private Limited, the Operational Creditor/Applicant, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Xplore-Tech Services Private Limited, the Corporate Debtor/Respondent.
Parsvatech Workspaces Private Limited is the Operational Creditor and Applicant.
Xplore-Tech Services Private Limited is the Corporate Debtor and Respondent.
The Operational Creditor provided office space to the Corporate Debtor under two Business Centre Agreements.
The Corporate Debtor allegedly defaulted on payments for the services rendered.
The Operational Creditor issued a notice under Section 8 of the IBC demanding a sum of Rs 5,10,33,292.25/-.
The Corporate Debtor raised disputes regarding the quality of service and terminated the agreements.
The Corporate Debtor lodged a police complaint against the Operational Creditor.
The Operational Creditor disconnected electricity and removed employees of the Corporate Debtor from the Mumbai premises.
…Sign in to view the parties.
Business Centre Agreement dated 11th February…
Business Centre Agreement dated 31 August…
Parsvatech Workspaces Private Limited, the Operational Creditor/Applicant, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Xplore-Tech Services Private Limited, the Corporate Debtor/Respondent.
Parsvatech Workspaces Private Limited is the Operational Creditor and Applicant.
Xplore-Tech Services Private Limited is the Corporate Debtor and Respondent.
The Operational Creditor provided office space to the Corporate Debtor under two Business Centre Agreements.
The Corporate Debtor allegedly defaulted on payments for the services rendered.
The Operational Creditor issued a notice under Section 8 of the IBC demanding a sum of Rs 5,10,33,292.25/-.
The Corporate Debtor raised disputes regarding the quality of service and terminated the agreements.
The Corporate Debtor lodged a police complaint against the Operational Creditor.
The Operational Creditor disconnected electricity and removed employees of the Corporate Debtor from the Mumbai premises.
…Business Centre Agreement dated 11th February…
Business Centre Agreement dated 31 August…