Securitrans India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against AGS Transact Technologies Limited, alleging a default of Rs. 2,37,39,495.20/-.
Securitrans India Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC against AGS Transact Technologies Limited (Corporate Debtor) for a default of Rs. 2,37,39,495.20.
The Operational Creditor and Corporate Debtor entered into a Services Agreement on May 30, 2010, for cash management services.
The Services Agreement was extended multiple times, with the last extension on February 5, 2024, for the period from January 1, 2024, to December 31, 2024.
The Operational Creditor issued a demand notice under Section 8 of the IBC on December 4, 2024, via email and physical form, demanding payment of the outstanding amounts.
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Operational Creditor…
Services Agreement was…
Securitrans India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against AGS Transact Technologies Limited, alleging a default of Rs. 2,37,39,495.20/-.
Securitrans India Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC against AGS Transact Technologies Limited (Corporate Debtor) for a default of Rs. 2,37,39,495.20.
The Operational Creditor and Corporate Debtor entered into a Services Agreement on May 30, 2010, for cash management services.
The Services Agreement was extended multiple times, with the last extension on February 5, 2024, for the period from January 1, 2024, to December 31, 2024.
The Operational Creditor issued a demand notice under Section 8 of the IBC on December 4, 2024, via email and physical form, demanding payment of the outstanding amounts.
…Operational Creditor…
Services Agreement was…