The case involves an application (I.A.No.442 of 2020) filed by Suresh Kannan, the Resolution Professional of M/s. Camson Bio Technologies Ltd, under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The application seeks the initiation of liquidation proceedings for the Corporate Debtor and the appointment of the applicant as the liquidator.
M/s. Randstand India Private Limited filed a Company Petition (C.P.(IB)No.52/BB/2017) under Section 9 of the IBC, which was admitted on 2018-06-14, initiating CIRP for M/s. Camson Bio Technologies Ltd. Ms. Medha Kulkarni was initially appointed as the Interim Resolution Professional (IRP), and subsequently, Suresh Kannan was appointed as the Resolution Professional (RP) by the COC. The RP sought exclusion of 420 days from the CIRP period due to a stay order from the High Court of Karnataka, which was granted. The RP also sought an extension of time for completing the CIRP, which was allowed. Despite efforts to find a resolution plan, including issuing public notices and seeking expressions of interest, no viable resolution plan was received. The COC, in its meeting on
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M/s.Randstand India Private Limited filed…
The Adjudicating Authority admitted the…
The case involves an application (I.A.No.442 of 2020) filed by Suresh Kannan, the Resolution Professional of M/s. Camson Bio Technologies Ltd, under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The application seeks the initiation of liquidation proceedings for the Corporate Debtor and the appointment of the applicant as the liquidator.
M/s. Randstand India Private Limited filed a Company Petition (C.P.(IB)No.52/BB/2017) under Section 9 of the IBC, which was admitted on 2018-06-14, initiating CIRP for M/s. Camson Bio Technologies Ltd. Ms. Medha Kulkarni was initially appointed as the Interim Resolution Professional (IRP), and subsequently, Suresh Kannan was appointed as the Resolution Professional (RP) by the COC. The RP sought exclusion of 420 days from the CIRP period due to a stay order from the High Court of Karnataka, which was granted. The RP also sought an extension of time for completing the CIRP, which was allowed. Despite efforts to find a resolution plan, including issuing public notices and seeking expressions of interest, no viable resolution plan was received. The COC, in its meeting on
…M/s.Randstand India Private Limited filed…
The Adjudicating Authority admitted the…