One 97 Communication Limited (Operational Creditor/Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Fabzen Technologies Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The application sought to recover an outstanding operational debt of Rs. 3,41,92,431.50/- for digital advertising services provided. The Corporate Debtor had availed services from May-June 2024 onwards but started defaulting on payments from October 2024, with the date of default being 07.01.2025.
One 97 Communication Limited (Operational Creditor) filed an application C.P. (IB) No.884/MB/2025 under Section 9 of the IBC against Fabzen Technologies Private Limited (Corporate Debtor).
The application was filed on 29.07.2025 by Mr. Amit Kumar Singh, authorized representative of One 97 Communications Limited.
One 97 Communications Limited is engaged in providing digital advertising services and payment solutions.
Fabzen Technologies Private Limited, incorporated on 03.01.2017, is an information technology-based company focusing on gaming applications.
The Corporate Debtor started availing digital advertising services from the Operational Creditor from May-June 2024 onwards.
The total amount claimed to be in default is Rs. 3,41,92,431.50/-.
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One97 Communications Private Limited…
The name of One97 Communications Private…
One 97 Communication Limited (Operational Creditor/Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Fabzen Technologies Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The application sought to recover an outstanding operational debt of Rs. 3,41,92,431.50/- for digital advertising services provided. The Corporate Debtor had availed services from May-June 2024 onwards but started defaulting on payments from October 2024, with the date of default being 07.01.2025.
One 97 Communication Limited (Operational Creditor) filed an application C.P. (IB) No.884/MB/2025 under Section 9 of the IBC against Fabzen Technologies Private Limited (Corporate Debtor).
The application was filed on 29.07.2025 by Mr. Amit Kumar Singh, authorized representative of One 97 Communications Limited.
One 97 Communications Limited is engaged in providing digital advertising services and payment solutions.
Fabzen Technologies Private Limited, incorporated on 03.01.2017, is an information technology-based company focusing on gaming applications.
The Corporate Debtor started availing digital advertising services from the Operational Creditor from May-June 2024 onwards.
The total amount claimed to be in default is Rs. 3,41,92,431.50/-.
…One97 Communications Private Limited…
The name of One97 Communications Private…