The application was filed by Dr. Ankush Garg, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Atlanta Mediworld Pvt. Ltd. The Operational Creditor, a doctor, provided medical services as a consultant to the Corporate Debtor. The Corporate Debtor conducted a walk-in interview and appointed the Operational Creditor as a consultant in Internal Medicine, effective from 27.09.2018. The Corporate Debtor assured a fixed amount of Rs. 50,000/- per month along with variables based on consultant fees from OPD, ECHS, and CGHS patients.
Dr. Ankush Garg, an Operational Creditor and a doctor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Atlanta Mediworld Pvt. Ltd., the Corporate Debtor. Dr. Garg provided medical services to the Corporate Debtor as a consultant. He was appointed as a consultant in Internal Medicine effective from 27.09.2018, with an agreed-upon compensation structure including a fixed monthly amount of Rs. 50,000 and variable components based on fees from OPD, ECHS, and CGHS patients. The Corporate Debtor made payments until October 2018, after which payments were delayed. Dr. Garg resigned on 01.06.2019, but continued working until 31.07.2019 at the request of the management.
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Operational Creditor…
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The application was filed by Dr. Ankush Garg, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Atlanta Mediworld Pvt. Ltd. The Operational Creditor, a doctor, provided medical services as a consultant to the Corporate Debtor. The Corporate Debtor conducted a walk-in interview and appointed the Operational Creditor as a consultant in Internal Medicine, effective from 27.09.2018. The Corporate Debtor assured a fixed amount of Rs. 50,000/- per month along with variables based on consultant fees from OPD, ECHS, and CGHS patients.
Dr. Ankush Garg, an Operational Creditor and a doctor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Atlanta Mediworld Pvt. Ltd., the Corporate Debtor. Dr. Garg provided medical services to the Corporate Debtor as a consultant. He was appointed as a consultant in Internal Medicine effective from 27.09.2018, with an agreed-upon compensation structure including a fixed monthly amount of Rs. 50,000 and variable components based on fees from OPD, ECHS, and CGHS patients. The Corporate Debtor made payments until October 2018, after which payments were delayed. Dr. Garg resigned on 01.06.2019, but continued working until 31.07.2019 at the request of the management.
…Operational Creditor…
Payments from the…