KAYMAN Records Management is an ISO 9001:2015 Certified Records Management Company
Documenting Peace of Mind

Benefits Of storing Files in
KAYMAN Records Storage Facility

  Door Step Pickup & Delivery of Files
  Scientific Indexing of Records
  Quick Retrieval of Documents
  Secure Scanning & Digitization

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Consult With Experts

Why should you not delay Records Management?

  • Companies - Big or small - Records retention is must by Law, Compliance & Statutory purposes
  • Value is immaterial - availability is a must
  • Disaster need not be abrupt, could be simmering for some time now
  • Lower than your current expenses / Return on Investment is High

Why Choose KAYMAN Records Management Services?

  • Customised Records Management Solution to suit your Business
  • Track and manage the entire life cycle of your records
  • Strict adherence to Safety, Security & Accessibility
  • Process Excellence, Scientific and systematic approach
  • Documenting peace of mind

What is the cost of storing Records?

The cost of storing records depends on the following factors.

  • Count of Boxes
  • Type of indexing
  • Process Performed
  • Digitisation, etc

However, at KAYMAN we provide Free survey and Budgetary Estimate The final cost can only be calculated after a survey of records.

Records Management Services We Offer

KAYMAN is one of the leading Records Management Companies in Chennai that offer holistic records management services.

Records and Documents Storage Services

  • Store your records at our secure offsite document storage facility.
  • Retrieve physical records on-demand
  • Retain records as long as needed by regulatory compliances
  • Pay only for what you store
  • Scale your business records storage to any extent

Records Digitization & Scanning Services

  • Go paperless with records digitization services
  • Extend the life of physical records with document scanning services
  • Turn business records, documents & images into searchable records
  • Streamline documents for easy retrieval and distribution
  • Meet compliance and ensure business continuity

Document Shredding Services

The cost of storing records depends on the following factors.

  • Maintain clean workspaces with shredding services
  • Securely dispose off records at our records storage facility
  • Prevent manipulation of historical records
  • Make use of our Industrial-grade shredders
  • Get certificate of destruction for compliance records

What our customers are Saying?

KAYMAN is one of the few Document Storage Companies in Chennai that caters to multiple industry clients for various records management services.

We rely on KAYMAN records management for our records storage. They are professionals in the information management discipline.

Leading Packaging Company

Our huge pile of records is efficiently scanned and digitized with Kayman Records Digitization Services. Helps us very much to maintain clean offices.

General Manager
Leading Logistics Company

KAYMAN helps us with Medical Records Storage. Medical documents storage is critical for meeting compliance. We digitize our medical files as well.

Leading Healthcare Company


Monthly Basis - Your files are stored in standard sized Records Management boxes and the charges are based on the count of boxes that are stored.

A Records Management box can hold 4-5 Box files or 25 - 30 Flat files (File size does matter)

We provide Doorstep Pickup & Delivery of Files

No Security deposits. No Hidden charges. - Pay for what you use

Store, safe and securely at 1/3 of the cost of renting a Flat or an Apartment

Get A Free Survey And Budgetary Estimate

Home > Blog
 Kayman Vaults May 16, 2022

Project Wise CIRP Of Real Estate Company Is Outside The Purview Of Insolvency And Bankruptcy Code, 2016: NCLT Chennai

The National Company Law Tribunal, Chennai Bench comprising of Justice S. Ramathilagam and Mr. Anil Kumar B (Technical Member) in the Case of N Kumar v. Tata Capital Housing Finance Ltd. held that the project wise Corporate Insolvency Resolution Process (CIRP) of a real estate company is outside the purview of Insolvency and Bankruptcy Code, 2016 (IBC/Code). Brief Facts CIRP of Sheltrex Developers Pvt. Ltd (Sheltrex) was initiated by NCLT Chennai vide its order dated vide its order dated 10.12.2019 and Mr. N Kumar was appointed as the Interim Resolution Professional and later confirmed as Resolution Professional. Sheltrex had launched two real estate projects namely Appur Village, Oragadam, Chennai consisting of 296 homes and Nammavedu at Coimbatore consisting of 110 homes. The Resolution Professional of Sheltrex filed an application under Section 60(5) of IBC seeking permission to constitute project-based Committee of Creditors and conduct project wise CIRP of Sheltrex. It was contended by Resolution Professional that the only business of Sheltrex is promoting real estate project and in particular affordable housing. Each project of Sheltrex have different type of creditors which are not related to each other. The Resolution Professional further relied upon the judgement of NCLAT in the case of Flat Buyers Association versus Umang Realtech Pvt. ltd. which allowed the project-based insolvency of a real estate company. Contention of Financial Creditor Tata Capital Housing Finance Ltd opposed the relief prayed by the Resolution Professional and it was contended by Tata Capital that it holds 17% voting rights in COC and the application filed by the RP is not maintainable as neither the IBC, 2016 nor any regulations stipulate the project wise CIRP. It was further contended by Tata Capital that CIRP regulations mandates a resolution plan for the entire business of the Corporate Debtor and not project wise and therefore, the application of the Resolution Professional is against the provisions of IBC. Decision/Analysis By NCLT NCLT observed that there is no concept of limited CIRP or CIRP for specific projects anywhere in the IBC, 2016 or regulations made thereunder. NCLT further noted that the Supreme Court in the case of Pioneer Urban Land and Infrastructure Ltd. versus Union of India held that IBC is a beneficial legislation which can be trigged to put the whole corporate Debtor back on its feet. NCLT held that the judgment of Umang Realtech is not applicable to the present case as the mechanism adopted by NCLAT was too peculiar to the facts and circumstances of that case and cannot be used as a precedent in the present scenario. NCLT dismissed the application filed by Resolution Professional and held that the reliefs sought by Resolution Professional is outside the purview of IBC, 2016 and thus not maintainable. Case title: N Kumar v. Tata Capital Housing Finance Ltd Counsel for Applicant: Avinash Krishnan Ravi, Jerin Asher Sojan, Vikram Veerasamy source:

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