The case involves an application filed by the Monitoring Agent of PVS Memorial Hospital Private Limited seeking permission to pay a sum of Rs.28,662 to the Kerala Water Authority as final payment, in accordance with the approved resolution plan. The Corporate Insolvency Resolution Process (CIRP) was initiated against PVS Memorial Hospital Private Limited in TIBA/11/KOB/2019, and a resolution plan submitted by M/s Lissie Medical Institution was approved. During the CIRP, Kerala Water Authority submitted a claim, part of which was provisionally admitted. However, the resolution plan did not include a provision for the payment of the admitted claim to the Kerala Water Authority.
The Corporate Insolvency Resolution Process (CIRP) was initiated against PVS Memorial Hospital Private Limited in TIBA/11/KOB/2019. Kerala Water Authority submitted a claim of Rs.16,10,79,287, which included water charges and penalty. The Resolution Professional (RP) rejected Rs.15,90,71,726 of the claim due to lack of supporting documents, and Rs.20,07,561 was provisionally admitted. The resolution plan approved by the Adjudicating Authority on 22.02.2021 did not include any provision for payment of the provisionally admitted claim of Rs.20,07,561 to Kerala Water Authority. The applicant, appointed as the Monitoring Agent, filed M.A.No.35/KOB/2021 seeking a direction to Kerala Water Authority to reinstate the water supply to the hospital. The Adjudicating Authority
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CIRP initiated against…
Resolution plan…
The case involves an application filed by the Monitoring Agent of PVS Memorial Hospital Private Limited seeking permission to pay a sum of Rs.28,662 to the Kerala Water Authority as final payment, in accordance with the approved resolution plan. The Corporate Insolvency Resolution Process (CIRP) was initiated against PVS Memorial Hospital Private Limited in TIBA/11/KOB/2019, and a resolution plan submitted by M/s Lissie Medical Institution was approved. During the CIRP, Kerala Water Authority submitted a claim, part of which was provisionally admitted. However, the resolution plan did not include a provision for the payment of the admitted claim to the Kerala Water Authority.
The Corporate Insolvency Resolution Process (CIRP) was initiated against PVS Memorial Hospital Private Limited in TIBA/11/KOB/2019. Kerala Water Authority submitted a claim of Rs.16,10,79,287, which included water charges and penalty. The Resolution Professional (RP) rejected Rs.15,90,71,726 of the claim due to lack of supporting documents, and Rs.20,07,561 was provisionally admitted. The resolution plan approved by the Adjudicating Authority on 22.02.2021 did not include any provision for payment of the provisionally admitted claim of Rs.20,07,561 to Kerala Water Authority. The applicant, appointed as the Monitoring Agent, filed M.A.No.35/KOB/2021 seeking a direction to Kerala Water Authority to reinstate the water supply to the hospital. The Adjudicating Authority
…CIRP initiated against…
Resolution plan…