BK Int’l moves to Court to recover $400M from Surendra Engineering

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The site of the multimillion-dollar Specialty Hospital
The site of the multimillion-dollar Specialty Hospital

[www.inewsguyana.com] – BK International Incorporated has announced that it is moving to the Courts in India in an effort to recoup outstanding money owed by Surendra Engineering Corporation Limited – the Indian company contracted to construct the US$18M Specialty Hospital at Turkeyen in Guyana.

According to a press statement from BK, the move to the Courts in India comes after the Commercial Court in Guyana lifted an Interim Injunction restraining Brijen Parikh, Managing Director of Surendra Engineering Corporation Limited, from leaving Guyana without settling the debt to BK International.

“Prior to the decision to take legal action in India, BK International sought the intervention of the Indian High Commissioner to Guyana but saw no progress,” the statement noted.

It further noted that BK International, a sub-contractor, is owed $180,100,242 for works done in the months of May, June and July, 2014.

“Three Invoices dated May 12, June 4, and July 1 were dispatched to Brijen Parikh, Managing Director of Surendra Engineering Corporation Limited and certified by the engineer on site. However, Parikh indicated that BK International Inc. cannot be paid citing the budget cut to the project as the reason,” the press statement noted.

BK International noted that Surendra Engineering Corporation Limited entered into a written agreement with them to supply and drive 2000 pieces of 65 feet long greenheart piles at Turkeyen, East Coast Demerara

“The agreed sum for the execution of the contract by BK International is $673, 978,328. Surendra Engineering Corporation Limited agreed to pay BK International for quantities of work done and certified by the engineer on site. Payment was to be made within two weeks after submission of the invoices by the BK International. This was not done,” BK explained in its press release.

According to BK, on July 21, 2014, the Company filed for and received an Interim Injunction against Surendra Engineering Corporation Limited. The injunction granted by Justice Rishi Persaud in the Commercial Court followed an Ex-parte Application by way of Affidavit by BK International Inc.

It was noted that the Interim Injunction restrained the defendant, Surendra Engineering Corporation Limited, from leaving or attempting to leave the jurisdiction pending the hearing and determination of the action unless and until the defendant lodges with the Registrar of the Supreme Court the sum of $180,100,242 as security in the event that judgment is being obtained against the defendant by the plaintiff.

“As a result of the order by Justice Singh, Brijen Parikh has left the jurisdiction without paying BK International.”

BK International is being represented by Mr. Robert Ramcharran and Surendra Engineering Corporation Limited is being represented by Mr. Vidyanand Persaud.

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