Zenith Media Scope Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Nirvikar Films LLP (Corporate Debtor) for an alleged default of Rs. 1,49,14,432/-. The Corporate Debtor disputed the maintainability of the petition, contending that the admitted principal debt of Rs. 89,56,353/- was below the statutory threshold of INR 1 crore, and the interest component of Rs. 59,58,079/- could not be included as it was unilaterally stipulated by the Operational Creditor and not mutually agreed upon.
Zenith Media Scope Private Limited (Operational Creditor) filed a petition under Section 9 of IBC against Nirvikar Films LLP (Corporate Debtor) on 14.04.2026.
The petition sought to initiate CIRP for an outstanding amount of Rs. 1,49,14,432/-.
Zenith Media Scope Private Limited is a private limited company providing technology-based digital advertising and media services.
Nirvikar Films LLP is a limited liability partnership engaged in the business of film production.
The Corporate Debtor engaged the Operational Creditor to supply advertisement and promotion services to a third-party brand pursuant to a purchase order dated 11.04.2022.
The purchase order stipulated that payments should be made within 30 days of raising the invoice.
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The Corporate Debtor engaged the Operational…
The Operational…
Zenith Media Scope Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Nirvikar Films LLP (Corporate Debtor) for an alleged default of Rs. 1,49,14,432/-. The Corporate Debtor disputed the maintainability of the petition, contending that the admitted principal debt of Rs. 89,56,353/- was below the statutory threshold of INR 1 crore, and the interest component of Rs. 59,58,079/- could not be included as it was unilaterally stipulated by the Operational Creditor and not mutually agreed upon.
Zenith Media Scope Private Limited (Operational Creditor) filed a petition under Section 9 of IBC against Nirvikar Films LLP (Corporate Debtor) on 14.04.2026.
The petition sought to initiate CIRP for an outstanding amount of Rs. 1,49,14,432/-.
Zenith Media Scope Private Limited is a private limited company providing technology-based digital advertising and media services.
Nirvikar Films LLP is a limited liability partnership engaged in the business of film production.
The Corporate Debtor engaged the Operational Creditor to supply advertisement and promotion services to a third-party brand pursuant to a purchase order dated 11.04.2022.
The purchase order stipulated that payments should be made within 30 days of raising the invoice.
…The Corporate Debtor engaged the Operational…
The Operational…