The case involves an application (I.A. No. 2903 of 2022) filed by the Liquidator of Wave Global Educational Services Private Limited against Axis Tutorials Private Limited, seeking recovery of Rs. 1,08,31,300/- along with interest.
CIRP was initiated against Wave Global Educational Services Private Limited on 18.11.2019.
A liquidation order was passed on 11.08.2021, and Radhey Shyam Yadav was appointed as the Liquidator.
A Share Purchase Agreement was signed between Wave Global and Axis Tutorials on 29.12.2017.
A Demerger Agreement dated 02.05.2018 revoked the Share Purchase Agreement and mandated Axis Tutorials to refund Rs. 1,08,00,000/- to Wave Global.
Axis Tutorials issued cheques towards the refund, but they were dishonored.
Email communications were sent to Axis Tutorials requesting payment, but no response was received.
A legal notice was sent to Axis Tutorials, but it was returned undelivered.
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Share Purchase…
Addendum Agreement…
The case involves an application (I.A. No. 2903 of 2022) filed by the Liquidator of Wave Global Educational Services Private Limited against Axis Tutorials Private Limited, seeking recovery of Rs. 1,08,31,300/- along with interest.
CIRP was initiated against Wave Global Educational Services Private Limited on 18.11.2019.
A liquidation order was passed on 11.08.2021, and Radhey Shyam Yadav was appointed as the Liquidator.
A Share Purchase Agreement was signed between Wave Global and Axis Tutorials on 29.12.2017.
A Demerger Agreement dated 02.05.2018 revoked the Share Purchase Agreement and mandated Axis Tutorials to refund Rs. 1,08,00,000/- to Wave Global.
Axis Tutorials issued cheques towards the refund, but they were dishonored.
Email communications were sent to Axis Tutorials requesting payment, but no response was received.
A legal notice was sent to Axis Tutorials, but it was returned undelivered.
…Share Purchase…
Addendum Agreement…