The case involves an application (I.A.No.442 of 2020) filed in an ongoing corporate insolvency resolution process (CIRP) against M/s. Camson Bio Technologies Ltd. The CIRP was initiated based on a petition filed by M/s. Randstand India Private Limited. The applicant, Suresh Kannan, is the Resolution Professional (RP) appointed for the Corporate Debtor. The CIRP faced delays and challenges, including a stay order from the High Court of Karnataka and difficulties in finding a viable resolution plan.
M/s. Randstand India Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Camson Bio Technologies Ltd. The Adjudicating Authority admitted the petition on 2018-06-14 and appointed an Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (COC) appointed Suresh Kannan as the Resolution Professional (RP). The RP filed an application seeking exclusion of a period of 420 days due to a stay order from the High Court of Karnataka, which was granted. Despite efforts to find a resolution plan, including issuing public notices and appointing registered valuers, no viable resolution plan was received. The COC, in its meeting held on 2020-09-05, resolved to liquidate the Corporate Debtor and approved the appointment of the
…Sign in to view the parties.
The Adjudicating Authority admitted the Company…
The COC appointed the…
The case involves an application (I.A.No.442 of 2020) filed in an ongoing corporate insolvency resolution process (CIRP) against M/s. Camson Bio Technologies Ltd. The CIRP was initiated based on a petition filed by M/s. Randstand India Private Limited. The applicant, Suresh Kannan, is the Resolution Professional (RP) appointed for the Corporate Debtor. The CIRP faced delays and challenges, including a stay order from the High Court of Karnataka and difficulties in finding a viable resolution plan.
M/s. Randstand India Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Camson Bio Technologies Ltd. The Adjudicating Authority admitted the petition on 2018-06-14 and appointed an Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (COC) appointed Suresh Kannan as the Resolution Professional (RP). The RP filed an application seeking exclusion of a period of 420 days due to a stay order from the High Court of Karnataka, which was granted. Despite efforts to find a resolution plan, including issuing public notices and appointing registered valuers, no viable resolution plan was received. The COC, in its meeting held on 2020-09-05, resolved to liquidate the Corporate Debtor and approved the appointment of the
…The Adjudicating Authority admitted the Company…
The COC appointed the…