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NATIONAL COMPANY LAW TRIBUNAL
Coram,
M/s. Valiant Cinque Private Limited – Appellant
Versus
M/s. RoadE Labs Private Limited – Respondent
| Table of Content |
|---|
| 1. corporate structure and debt details. (Para 1 , 2 , 3 , 4 , 5 , 6) |
| 2. details of operational debt owed. (Para 8 , 9 , 10) |
| 3. respondent's counterclaims and disputes. (Para 12 , 13 , 15 , 16) |
| 4. dispute regarding the agreement execution. (Para 19 , 20 , 21 , 23 , 24) |
| 5. dismissal of the petition due to pre-existing disputes. (Para 28 , 29) |
Per Coram:
1. The present petition has been filed by M/s. Valiant Cinque Private Limited (hereinafter referred to as ’Petitioner’/ ’Operational Creditor’) on 24.01.2024, u/s 9 of the Insolvency and Bankruptcy Code , 2016 (’The Code’), r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 ("AA Rules"), for initiating Corporate Insolvency Resolution Process (CIRP), declaring moratorium and for appointment of Interim Resolution Professional (IRP), against M/s. RoadE Labs Private Limited (hereinafter referred to as ’Respondent’/Corporate Debtor’) for default of Rs. 1,42,71,294.06/- (Rupees One Crore Forty-Two Lakh Seventy-One Thousand Two Hundred Ninety-Four and Six Paise only) on account of “software services” rendered to the Respondent.
Brief facts as mentioned in the Petition are as under:
2. T
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