VerSe Innovations Private Limited, a reputed Bangalore-based technology company, formally files the application initiating personal insolvency proceedings under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Akshay Bardapurkar, a producer from the Marathi film industry and the face of Planet Marathi, alleging serious financial default and breach of contractual commitments.
The matter relates to an agreement dated September 30, 2023, in which VerSe Innovations had allegedly extended a principal amount of ₹5.5 crores towards the development and production of a Marathi-language film titled ‘Raav Saheb’. This agreement, seen as a…
