The case involves an application (IBA/20/KOB/2020) filed by Varghese Panicker Architects, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against KIMS Healthcare Management Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for architectural work related to the KIMS East 3rd Phase and KIMS OP/Room Block projects. The Corporate Debtor appeared and raised a dispute. Subsequently, the Operational Creditor sought to withdraw the application.
Varghese Panicker Architects (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against KIMS Healthcare Management Limited (Corporate Debtor). The claim arose from unpaid architectural consultancy services for the construction of KIMS Nursing College at Thonnakkal, specifically related to KIMS East 3rd Phase and KIMS OP/Room Block. The amount claimed to be in default was ₹3,34,89,230. The Corporate Debtor raised a dispute. Subsequently, the Operational Creditor sought to withdraw the application. The Operational Creditor filed a withdrawal memo dated 25.06.2020. The Corporate Debtor also filed a written statement on 25.06.2020, requesting that the Bench
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The Operational Creditor approached the…
The Corporate Debtor…
The case involves an application (IBA/20/KOB/2020) filed by Varghese Panicker Architects, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against KIMS Healthcare Management Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for architectural work related to the KIMS East 3rd Phase and KIMS OP/Room Block projects. The Corporate Debtor appeared and raised a dispute. Subsequently, the Operational Creditor sought to withdraw the application.
Varghese Panicker Architects (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against KIMS Healthcare Management Limited (Corporate Debtor). The claim arose from unpaid architectural consultancy services for the construction of KIMS Nursing College at Thonnakkal, specifically related to KIMS East 3rd Phase and KIMS OP/Room Block. The amount claimed to be in default was ₹3,34,89,230. The Corporate Debtor raised a dispute. Subsequently, the Operational Creditor sought to withdraw the application. The Operational Creditor filed a withdrawal memo dated 25.06.2020. The Corporate Debtor also filed a written statement on 25.06.2020, requesting that the Bench
…The Operational Creditor approached the…
The Corporate Debtor…