- (1.) The Petitioner company namely Kirusa Software Private Limited has filed this Operational Creditor Petition stating that the debtor Company is liable to pay Rs. 20,08,202 along with interest at the rate of 18% p.a., as the Corporate Debtor failed to repay the same, the petitioner, hence, filed this petition.
(2.) The petitioner says that the corporate Debtor had issued Purchase Orders (POs) to the petitioner/Operational Creditor to run "Nach Baliye" Dance Reality show Tele-voting campaign for Star TV (campaign), which were accepted by the petitioner. It has filed POs with this petition. In pursuance of the POs issued by the Debtor Company, the petitioner rendered services by devising a specific software application for this purpose of tele-voting through the toll-numbers from Telecom operators. Accordingly, the petitioner raised monthly invoices on the corporate debtor for the total number of minutes of usage generated by the campaign including other rental, as on date, the invoices raised by the petitioner on the corporate debtor for the services provided per the POs remain outstanding and payable by the corporate debtor to the petitioner as detailed in paragraph 2 of Part IV of the petition. Hence the debtor company is liable to make payment to the petitioner, toll free numbers rentals and the Primary Rate Interface Rental as raised by the Telecom Operators.
(3.) As the Tele Voting was conducted successfully, the petitioner, as mentioned above, raised invoices against the services rendered, therefore the corporate debt is payable by the Corporate Debtor as per the invoices raised by the petitioner on the Corporate Debtor during the period between May 13 to 23rd December 2016.;