M/s Prime Tower A Partnership Firm filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. G. V. Meditech Private Limited, citing failure to pay outstanding dues of INR 6,48,61,385/-. The dues comprised a principal amount of INR 4,38,61,894/- and interest of INR 2,09,99,491/-, calculated at 24% p.a. till February 2023. The applicant, a partnership firm, had leased premises to the respondent, a company engaged in providing medical and healthcare services. Multiple lease deeds were executed between the parties, with disputes arising over unpaid rent, interest, and alleged inflated charges. The respondent claimed a pre-existing dispute and sought set-off for improvements made
…M/s Prime Tower A Partnership Firm (Operational Creditor/Applicant) leased premises to M/s. G. V. Meditech Private Limited (Corporate Debtor/Respondent). A lease deed was executed on 15.08.2012 for a period of 9 years with a monthly rent of INR 6,41,300/-. An additional lease deed was executed on 07.05.2013 for another portion of the commercial complex. The date of default is 01.04.2021. The applicant sent various notices to the respondent for payment of rent and interest. Another lease deed was executed on 21.01.2022 for a period of 12 months with effect from 17.08.2021 till 16.08.2022 for a monthly rent of INR 13,90,000/- plus GST. The applicant served a demand notice dated 13.03.2023 under section 8 of the Code. The respondent claimed that the premises were a bare
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A lease deed was executed between M/s Prime…
An additional lease deed was executed between…
M/s Prime Tower A Partnership Firm filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. G. V. Meditech Private Limited, citing failure to pay outstanding dues of INR 6,48,61,385/-. The dues comprised a principal amount of INR 4,38,61,894/- and interest of INR 2,09,99,491/-, calculated at 24% p.a. till February 2023. The applicant, a partnership firm, had leased premises to the respondent, a company engaged in providing medical and healthcare services. Multiple lease deeds were executed between the parties, with disputes arising over unpaid rent, interest, and alleged inflated charges. The respondent claimed a pre-existing dispute and sought set-off for improvements made
…M/s Prime Tower A Partnership Firm (Operational Creditor/Applicant) leased premises to M/s. G. V. Meditech Private Limited (Corporate Debtor/Respondent). A lease deed was executed on 15.08.2012 for a period of 9 years with a monthly rent of INR 6,41,300/-. An additional lease deed was executed on 07.05.2013 for another portion of the commercial complex. The date of default is 01.04.2021. The applicant sent various notices to the respondent for payment of rent and interest. Another lease deed was executed on 21.01.2022 for a period of 12 months with effect from 17.08.2021 till 16.08.2022 for a monthly rent of INR 13,90,000/- plus GST. The applicant served a demand notice dated 13.03.2023 under section 8 of the Code. The respondent claimed that the premises were a bare
…A lease deed was executed between M/s Prime…
An additional lease deed was executed between…