Excel Anesthesia and Pain Management Services Private Limited, the Operational Creditor, filed a petition against Proton Positive Healthcare India Private Limited, the Corporate Debtor, for defaulting on a payment of Rs. 23,10,000. The Operational Creditor claimed that the Corporate Debtor failed to pay for anesthesia services rendered from April 2017 to September 2017, based on MoUs dated 21.04.2014 and 02.03.2016. The Corporate Debtor contested the claim, alleging that the MOU dated 02.03.2016 was forged and fabricated by Dr. L. Sreedhar, who was previously associated with the Corporate Debtor. The Corporate Debtor also argued that a new management had acquired the company under a Share Purchase Agreement dated 07.09.2017, and the Operational Creditor's name was not
…Excel Anesthesia and Pain Management Services Private Limited (Operational Creditor) claimed that Proton Positive Healthcare India Private Limited (Corporate Debtor) defaulted on a payment of Rs. 23,10,000 for anesthesia services provided between April 2017 and September 2017. The claim was based on two Memoranda of Understanding (MoUs) dated 21.04.2014 and 02.03.2016. The Corporate Debtor disputed the claim, alleging that the MoU dated 02.03.2016 was forged by Dr. L. Sreedhar, a former director, in collusion with Dr. P. Sridhar representing the Operational Creditor. The Corporate Debtor also argued that a new management acquired the company under a Share Purchase Agreement (SPA) dated 07.09.2017, and the Operational Creditor's name was not included in the list of
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Excel Anesthesia and Pain Management Services Private Limited, the Operational Creditor, filed a petition against Proton Positive Healthcare India Private Limited, the Corporate Debtor, for defaulting on a payment of Rs. 23,10,000. The Operational Creditor claimed that the Corporate Debtor failed to pay for anesthesia services rendered from April 2017 to September 2017, based on MoUs dated 21.04.2014 and 02.03.2016. The Corporate Debtor contested the claim, alleging that the MOU dated 02.03.2016 was forged and fabricated by Dr. L. Sreedhar, who was previously associated with the Corporate Debtor. The Corporate Debtor also argued that a new management had acquired the company under a Share Purchase Agreement dated 07.09.2017, and the Operational Creditor's name was not
…Excel Anesthesia and Pain Management Services Private Limited (Operational Creditor) claimed that Proton Positive Healthcare India Private Limited (Corporate Debtor) defaulted on a payment of Rs. 23,10,000 for anesthesia services provided between April 2017 and September 2017. The claim was based on two Memoranda of Understanding (MoUs) dated 21.04.2014 and 02.03.2016. The Corporate Debtor disputed the claim, alleging that the MoU dated 02.03.2016 was forged by Dr. L. Sreedhar, a former director, in collusion with Dr. P. Sridhar representing the Operational Creditor. The Corporate Debtor also argued that a new management acquired the company under a Share Purchase Agreement (SPA) dated 07.09.2017, and the Operational Creditor's name was not included in the list of
…First Memoran…
Second Memora…