Times Strategic Solutions Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Planet Marathi Seller Services Private Limited, the Corporate Debtor, due to an alleged default of Rs. 1,53,43,007/-.
Times Strategic Solutions Limited (Operational Creditor) filed CP (IB) No. 634/MB/2025 under Section 9 of IBC to initiate CIRP against Planet Marathi Seller Services Private Limited (Corporate Debtor).
The alleged default amount is Rs. 1,53,43,007/-, including principal (Rs. 1,18,00,000/-) and interest (Rs. 35,43,007/-).
The Operational Creditor and Corporate Debtor entered into a Services Agreement for the Filmfare Awards Marathi 2022.
The Operational Creditor raised a Tax Invoice dated 31.03.2023, which was allegedly acknowledged and accepted by the Corporate Debtor.
The Corporate Debtor issued a cheque for Rs. 35,00,000/- towards part payment, but later requested the Operational Creditor not to deposit it.
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Marketing Support Services Agreement was signed…
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Times Strategic Solutions Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Planet Marathi Seller Services Private Limited, the Corporate Debtor, due to an alleged default of Rs. 1,53,43,007/-.
Times Strategic Solutions Limited (Operational Creditor) filed CP (IB) No. 634/MB/2025 under Section 9 of IBC to initiate CIRP against Planet Marathi Seller Services Private Limited (Corporate Debtor).
The alleged default amount is Rs. 1,53,43,007/-, including principal (Rs. 1,18,00,000/-) and interest (Rs. 35,43,007/-).
The Operational Creditor and Corporate Debtor entered into a Services Agreement for the Filmfare Awards Marathi 2022.
The Operational Creditor raised a Tax Invoice dated 31.03.2023, which was allegedly acknowledged and accepted by the Corporate Debtor.
The Corporate Debtor issued a cheque for Rs. 35,00,000/- towards part payment, but later requested the Operational Creditor not to deposit it.
…Marketing Support Services Agreement was signed…
Successful conduct of…