Sonata Software Unit Files US Bankruptcy Case to Recover $10.64 Million from Client
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Sonata Software North America, Inc., a subsidiary of Sonata Software Limited, has filed an involuntary bankruptcy petition in the U.S. Bankruptcy Court against OBSA Operating Company, LLC, seeking to recover $10.64 million in outstanding receivables and damages. This action reflects Sonata's proactive approach to managing credit risk and enforcing payment discipline in its international operations. The disclosure aligns with Indian securities regulations emphasizing timely reporting of significant litigation affecting listed companies.
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