Gutz Feel Film Production LLP filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Eros International Media Limited for an alleged default in operational debt.
An application was filed on 05.09.2024 under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Gutz Feel Film Production LLP, the Operational Creditor, sought to initiate CIRP against Eros International Media Limited, the Corporate Debtor.
The alleged default in operational debt was Rs. 3,33,07,752/- along with 18% interest.
The Operational Creditor and the Corporate Debtor entered into a Film Rights Acquisition Agreement for the movie 'English Vinglish' on 05.05.2012.
The Corporate Debtor was required to share profits with the Operational Creditor in the ratio of 50:50 percent.
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Film Rights Acquisition Agreement between…
Film Co-Production Agreement (Ki and Ka…
Gutz Feel Film Production LLP filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Eros International Media Limited for an alleged default in operational debt.
An application was filed on 05.09.2024 under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Gutz Feel Film Production LLP, the Operational Creditor, sought to initiate CIRP against Eros International Media Limited, the Corporate Debtor.
The alleged default in operational debt was Rs. 3,33,07,752/- along with 18% interest.
The Operational Creditor and the Corporate Debtor entered into a Film Rights Acquisition Agreement for the movie 'English Vinglish' on 05.05.2012.
The Corporate Debtor was required to share profits with the Operational Creditor in the ratio of 50:50 percent.
…Film Rights Acquisition Agreement between…
Film Co-Production Agreement (Ki and Ka…