FORM OF DEMAND NOTICE/INVOICE DEMANDING PAYMENT UNDER THE

INSOLVENCY AND BANKRUPTCY CODE, 2016

[Under Rule 5 of the Insolvency and Bankruptcy (Application to Adjudicating

Authority) Rules, 2016]

Date: 3 July 2019

To:

DILIP NARAYANASWAMY VENKATRAMAN

RH8 ATS Paradiso,
Plot No GH-03, Sector CHI-4,
Greater Noida, Uttar Pradesh-201310, India
Email id: dilip@videotap.com

From:

RAMMOHAN SUNDARAM
1111, 2nd Floor,Palm Floors, Lotus Villas
DLF Phase-4, Gurugram, Haryana-122002, India
Email id: rammohan.sundaram@gmail.com

Subject: Demand Notice- demanding payment in respect of unpaid operational debt due from

VIDEOTAP DIGITAL PRIVATE LIMITED under the Code.

Sir,

1. This letter is a demand notice demanding payment of an unpaid operational debt due from

VIDEOTAP DIGITAL PRIVATE LIMITED.

2 . Please find particulars of the unpaid operational debt below:-

PARTICULARS OF OPERATIONAL DEBT

1 TOTAL Rs.16,06,800/- (Rupees Sixteen Lakhs Six Thousand
AMOUNT OF DEBT and Eight Hundred Only)

[i.e. Sum of the following:

1. Total amount 15,60,000/- (Rupees Fifteen Lakhs and

Sixty Thousand Only); and

2. Interest amount of Rs. 46,800/- (Rupees Forty Six

Thousand and Eight Hundred Only) calculated
@18%p.a.]

DETAILS OF TRANSACTIONS ON 1. Rammohan Sundaram is a Chief Growth

ACCOUNT OF WHICH DEBT FELL DUE Officer(hereinafter referred to as “ISP” or “Individual
Service Provider”) engaged in providing services to
VideoTap Digital Private Limited.

2. VideoTap Digital Private Limited (hereinafter

referred to as “VideoTap” or “Company”) is a
private limited company, incorporated under the
provisions of the Companies Act, 2013 having its
registered office at RH8 ATS Paradiso, Plot No
GH-03, Sector CHI-4,Greater Noida, Uttar
Pradesh-201308, India. VideoTap without any
demur or dispute failed to pay the salary and owes him
15,60,000/- (Rupees Fifteen Lakhs and Sixty Thousand
Only) from 1st January 2019.

3. As followed in commercial practice, VideoTap is

liable to pay an interest @18%p.a. on the delayed
payment for the period of delay. The interest amount is
calculated upto 2 months. Total amount of interest
claimed is arrived to Rs.16,06,800/- (Rupees Sixteen
Lakhs Six Thousand and Eight Hundred Only) the
working of which is attached with the demand notice.

THE DATE FROM WHICH SUCH DEBT From 01 January 2019 by signing acceptance of terms
FELL DUE of engagement Letter/Agreement with the company.

2 AMOUNT CLAIMED TO BE IN DEFAULT Rs.16,06,800/- (Rupees Sixteen Lakhs Six Thousand

AND THE DATE ON WHICH THE and Eight Hundred Only)
DEFAULT OCCURRED (ATTACH THE
WORKING FOR COMPUTATION IN
TABULAR FORM) [i.e. Sum of the following:

1.Total amount 15,60,000/- (Rupees Fifteen Lakhs and

Sixty Thousand Only); and
 2.Interest amount of Rs. 46,800/- (Rupees Forty Six
Thousand and Eight Hundred Only) calculated
@18%p.a.]

[Attached herewith is working of the total amount

claimed to be in default and the date on which the
default occured]

3 PARTICULARS OF SECURITY HELD, IF ——————NIL———————

ANY, THE DATE OF ITS CREATION, ITS
ESTIMATED VALUE AS PER THE
CREDITOR.
[ATTACH A COPY OF A CERTIFICATE OF
REGISTRATION OF CHARGE ISSUED BY
THE REGISTRAR OF COMPANIES (IF
THE CORPORATE DEBTOR IS THE
COMPANY)
4 DETAILS OF RETENTION OF TITLE ———————NIL———————
ARRANGEMENT (IF ANY) IN RESPECT
OF GOODS TO WHICH YHE
OPERATIONAL DEBT REFERES

5 RECORD OF DEFAULT WITH YHE ———————NIL———————

INFORMATION UTILITY (IF ANY)

6 PROVISIONS OF LAW, CONTRACT OR ———————-NIL———————

OTHER DOCUMENTS UNDER WHICH
DEBT HAS BECOME DUE

7 LIST OF DOCUMENTS ATTACHED TO ———————-NIL———————

THIS APPLICATION IN ORDER TO
PROVE THE EXISTENCE OF
OPERATIONAL DEBT AND THE
AMOUNT IN DEFAULT

3. If you dispute the existence or amount of unpaid operational debt (in default) please

provide the undersigned, within ten days of the receipt of this letter, of the pendency

of the suit or arbitration proceedings in relation to such dispute filed before the

receipt of this letter/notice.

4. If you believe that the debt has been repaid before the receipt of this letter, please

demonstrate such repayment by sending to us, within ten days of receipt of this letter, the
 following:

(a) an attested copy of the record of electronic transfer of the unpaid amount from bank

account of the VIDEOTAP DIGITAL PRIVATE LIMITED; or

(b) an attested copy of any record that RAMMOHAN SUNDARAM has received the

payment.

5. The undersigned, hereby, attaches a certificate from an information utility confirming that

no record of a dispute raised in relation to the relevant operational debt has been filed by

any person at any information utility. (if applicable)

6. The undersigned request you to unconditionally repay the unpaid operational debt (in

default) in full within ten days from the receipt of this letter failing which we shall initiate a

corporate insolvency resolution process in respect of [name of corporate debtor].

Yours sincerely,

Signature of person authorised to act on behalf of the operational creditor

Name in block letters : Mr. Rammohan Sundaram

Position with or in relation to the operational creditor :

Address of person signing : 1111, 2nd Floor,Palm Floors, Lotus VillasDLF Phase-4, Gurugram,

Haryana-122002, India