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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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 Apr 21, 2022

CIRP Can Be Initiated Based On An Unchallenged Arbitral Award: NCLT Kolkata

Facts of The Case The NCLT Kolkata Bench comprising of Shri Rajasekhar V.K. (Judicial Member) and Shri Balraj Joshi (Technical Member) while deciding a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), titled Viom Infra Ventures Ltd. v Bahula Infotech Pvt. Ltd., has held that Corporate Insolvency Resolution Process ("CIRP") can be initiated based on an Arbitral Award if the said Award has not been challenged. The order was passed on 18.04.2022. Facts Of The Case The Corporate Debtor was in process of entering into contracts with the Government Authorities in respect of the scheme of 'Smart City and Data Centre Projects', hence was in requirement of various types of equipments. The Operational Creditor (Viom Infra Ventures Ltd.) agreed to provide equipments lying in its possession and also agreed to acquire certain equipments and provide them on monthly lease/rental basis to the Corporate Debtor. A Master Lease Agreement ('Agreement') was executed between the parties on 09.07.2018. When disputes had arisen in terms of the Agreement, the matter was referred to arbitration wherein the Corporate Debtor was directed to pay an amount of Rs.27,58,58,278/- to the Operational Creditor, the latter could only pay Rs. 15,92,78,600/-. On 07.06.2021 the Operational Creditor had issued a Demand Notice under Section 8 of the IBC to the Corporate Debtor for the remaining amount. Thereafter, a petition under Section 9 of the IBC was filed before the Adjudicating Authority on 29.07.2021 by the Operational Creditor, seeking initiation of CIRP against the Corporate Debtor for defaulting on payment of Rs.12,28,74,980.61/-. Contentions Of The Operational Creditor The Operational Creditor submitted that after certain disputes had arisen in terms of the Agreement between the parties, the Corporate Debtor had cancelled the Agreement on 04.09.2019, requesting waiver of lease rent. The Operational Creditor had intimated the Corporate Debtor that the cancellation of the Agreement would give rise to claim for liquidated damages and outstanding rentals It was submitted that on 24.10.2019 the Operational Creditor had invoked Arbitration Clause of the Agreement and a Senior Advocate was appointed as the Sole Arbitrator. On 27.08.2020 the Arbitral Tribunal, after hearing the contentions of the parties, passed an arbitral award directing the Corporate Debtor to pay a sum of Rs.27,58,58,278/- to the Operational Creditor, within two months, failing which payment of interest calculated at 9% per annum on the aforesaid amount until the date of payment was also payable. Observations Made By The Adjudicating Authority The Adjudicating Authority framed the following two issues for adjudication: 1. Is there any pre-existing dispute between the parties? 2. Can CIRP be initiated based on Arbitral Award? The Adjudicating Authority observed that the Corporate Debtor has neither raised any dispute with respect to the services of the Operational Creditor nor challenged the Arbitral Award dated 27.08.2020 by way of Section 34 petition under the Arbitration and Conciliation Act, 1996. Therefore, the debt is not disputed. It was further observed that in a petition under Section 9 of IBC, the prime point of defence is the existence of the dispute and/or pendency of a suit or arbitration prior to the receipt of the demand notice under Section 8 of the IBC, however, in the instant case both these defences are not present. The Adjudicating Authority placed reliance on the Supreme Court judgment in K. Kishan v. Vijay Nirman Company Private Limited, (2018) 17 SCC 662, wherein it has been held that in order to initiate CIRP in case of arbitral award under Section 9 of IBC, the debt needs to be undisputed. A CIRP cannot not be initiated on basis of Arbitral Award on the following grounds: 1. When a counterclaim exceeding the claim awarded was rejected by the Arbitral Tribunal on merits, and such rejection is also a matter of challenge before the Courts; and 2. When a challenge had also been filed against the Arbitral Award. Decision The Adjudicating Authority admitted the petition filed under Section 9 of IBC and initiated CIRP against the Corporate Debtor. Mr. Anneel Saraogi has been appointed as the Interim Resolution Professional. Case Title: Viom Infra Ventures Limited v Bahula Infotech Private Limited, C.P (IB) No. 197/KB/2021.

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