The case involves a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Yogesh Baliram Vargantwar (Operational Creditor) to initiate Corporate Insolvency Resolution Process against Vighnaharta Health Visionaries Private Limited (Corporate Debtor). The Operational Creditor claims a default in payment of Rs. 99,07,861 towards professional charges. A Memorandum of Understanding (MoU) dated 5.2.2015 existed between the parties, outlining the terms of professional services related to neurosurgery. Disputes arose regarding payments, leading to a demand notice issued by the Operational Creditor and a subsequent denial of liability by the Corporate Debtor. The Corporate Debtor also initiated a civil suit against the Operational
…Yogesh Baliram Vargantwar, an Operational Creditor, filed a petition under Section 9 of the IBC against Vighnaharta Health Visionaries Private Limited, a Corporate Debtor, claiming a default of Rs. 99,07,861 towards professional charges. A Memorandum of Understanding (MoU) dated 5.2.2015 existed, where the Operational Creditor was to provide neurosurgery services, with 70% of the patient bill going to the creditor and 30% retained by the debtor. The creditor claims non-payment from 20.9.2015. The debtor denies liability, citing disputes and an ongoing arbitration. A demand notice was issued on 28.2.2018, and the debtor replied on 8.3.2018. The debtor also filed a civil suit against the creditor for Rs. 23,86,81,806 for breach of representation and fraud. The debtor
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Operational Creditor…
Operational Creditor…
The case involves a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Yogesh Baliram Vargantwar (Operational Creditor) to initiate Corporate Insolvency Resolution Process against Vighnaharta Health Visionaries Private Limited (Corporate Debtor). The Operational Creditor claims a default in payment of Rs. 99,07,861 towards professional charges. A Memorandum of Understanding (MoU) dated 5.2.2015 existed between the parties, outlining the terms of professional services related to neurosurgery. Disputes arose regarding payments, leading to a demand notice issued by the Operational Creditor and a subsequent denial of liability by the Corporate Debtor. The Corporate Debtor also initiated a civil suit against the Operational
…Yogesh Baliram Vargantwar, an Operational Creditor, filed a petition under Section 9 of the IBC against Vighnaharta Health Visionaries Private Limited, a Corporate Debtor, claiming a default of Rs. 99,07,861 towards professional charges. A Memorandum of Understanding (MoU) dated 5.2.2015 existed, where the Operational Creditor was to provide neurosurgery services, with 70% of the patient bill going to the creditor and 30% retained by the debtor. The creditor claims non-payment from 20.9.2015. The debtor denies liability, citing disputes and an ongoing arbitration. A demand notice was issued on 28.2.2018, and the debtor replied on 8.3.2018. The debtor also filed a civil suit against the creditor for Rs. 23,86,81,806 for breach of representation and fraud. The debtor
…Operational Creditor…
Operational Creditor…