New Delhi: VerSe Innovations, the parent company of platforms like Dailyhunt and Josh, has filed personal insolvency proceedings against Akshay Bardapurkar, the founder of Planet Marathi.
The petition, submitted under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, alleges financial default and breach of contractual obligations by Bardapurkar.
The matter pertains to an agreement dated 30 September 2023, in which VerSe Innovations had extended a principal amount of Rs 5.5 crore towards the development and production of a Marathi-language film titled ‘Raav Saheb’.
This agreement, seen as a major funding initiative, was made with Planet Marathi Seller…
