Embee Software Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against National Commodities Management Services Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The claim is for an unpaid operational debt of Rs. 1,74,11,647/- arising from Microsoft Azure services supplied through the Operational Creditor, who acted as an authorized reseller. The Corporate Debtor's primary defense was the existence of a pre-existing dispute regarding billing, reconciliation, and charges for discontinued services.
Embee Software Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the IBC against National Commodities Management Services Limited (Corporate Debtor).
The application seeks to initiate CIRP for an alleged default in payment of operational debt arising from Microsoft Azure services.
The total operational debt claimed is Rs. 1,74,11,647/-, comprising Rs. 1,38,49,664/- principal and Rs. 35,61,983/- interest.
The date of default is mentioned as 08.12.2024, with the first default occurring on 19.10.2022.
The Operational Creditor acted as an "Authorized Reseller" for Microsoft Corporation (India) Pvt. Ltd. under Enterprise Enrollment Agreements (2016, renewed 2019, 2022).
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Embee Software Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against National Commodities Management Services Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The claim is for an unpaid operational debt of Rs. 1,74,11,647/- arising from Microsoft Azure services supplied through the Operational Creditor, who acted as an authorized reseller. The Corporate Debtor's primary defense was the existence of a pre-existing dispute regarding billing, reconciliation, and charges for discontinued services.
Embee Software Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the IBC against National Commodities Management Services Limited (Corporate Debtor).
The application seeks to initiate CIRP for an alleged default in payment of operational debt arising from Microsoft Azure services.
The total operational debt claimed is Rs. 1,74,11,647/-, comprising Rs. 1,38,49,664/- principal and Rs. 35,61,983/- interest.
The date of default is mentioned as 08.12.2024, with the first default occurring on 19.10.2022.
The Operational Creditor acted as an "Authorized Reseller" for Microsoft Corporation (India) Pvt. Ltd. under Enterprise Enrollment Agreements (2016, renewed 2019, 2022).
…Enterprise Enrollment Agreement executed…
Enterprise Enr…