The case involves an appeal against an order dated 15.03.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-IV) in CP(IB) No. 75/MB-IV/2020. The Adjudicating Authority had admitted a Section 9 application under the Insolvency and Bankruptcy Code (IBC) filed by Alcuris Healthcare Private Limited (Respondent No. 1), initiating Corporate Insolvency Resolution Process (CIRP) against Abmay Health Ventures LLP (Corporate Debtor). The appeal was filed by Prashanth Shekara Shetty, a designated partner of Abmay Health Ventures LLP, challenging the initiation of CIRP. The core dispute revolves around a profit-sharing agreement between the Corporate Debtor and Respondent No. 1 for operating a cardiology unit, with disagreements arising over
…An agreement dated 02.12.2015 was entered into between Metro Heart Centre Pvt. Ltd. (MHCPL), later known as Alcuris Healthcare Pvt. Ltd. (Respondent No. 1), and Abmay Health Ventures LLP (Corporate Debtor), creating a joint venture named SRV Heart Centre - unit of MHPCL. The heart centre became functional in January 2016. Differences arose between the parties regarding settlement of accounts and profit sharing. Respondent No. 1 sent a Demand Notice under Form-3 of the IBC to the Corporate Debtor on 07.12.2019, claiming outstanding dues as operational debt. The Corporate Debtor replied on 17.12.2019. A police complaint was filed against the Corporate Debtor by Respondent No. 1 on 11.01.2020. A Legal Notice invoking Arbitration Clause was sent to the Corporate Debtor on
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Agreement entered into between Metro Heart…
SRV Heart Centre became…
The case involves an appeal against an order dated 15.03.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench-IV) in CP(IB) No. 75/MB-IV/2020. The Adjudicating Authority had admitted a Section 9 application under the Insolvency and Bankruptcy Code (IBC) filed by Alcuris Healthcare Private Limited (Respondent No. 1), initiating Corporate Insolvency Resolution Process (CIRP) against Abmay Health Ventures LLP (Corporate Debtor). The appeal was filed by Prashanth Shekara Shetty, a designated partner of Abmay Health Ventures LLP, challenging the initiation of CIRP. The core dispute revolves around a profit-sharing agreement between the Corporate Debtor and Respondent No. 1 for operating a cardiology unit, with disagreements arising over
…An agreement dated 02.12.2015 was entered into between Metro Heart Centre Pvt. Ltd. (MHCPL), later known as Alcuris Healthcare Pvt. Ltd. (Respondent No. 1), and Abmay Health Ventures LLP (Corporate Debtor), creating a joint venture named SRV Heart Centre - unit of MHPCL. The heart centre became functional in January 2016. Differences arose between the parties regarding settlement of accounts and profit sharing. Respondent No. 1 sent a Demand Notice under Form-3 of the IBC to the Corporate Debtor on 07.12.2019, claiming outstanding dues as operational debt. The Corporate Debtor replied on 17.12.2019. A police complaint was filed against the Corporate Debtor by Respondent No. 1 on 11.01.2020. A Legal Notice invoking Arbitration Clause was sent to the Corporate Debtor on
…Agreement entered into between Metro Heart…
SRV Heart Centre became…