The case originates from a petition filed by M/s. Origin Formulations Private Limited under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Fab Pharmaceuticals Private Limited (Corporate Debtor) due to a default of Rs. 21,93,392. The Adjudicating Authority admitted the case on September 19, 2019, initiating CIRP and appointing S. Shivaswamy as the Interim Resolution Professional (IRP). Public announcement was made, inviting creditors to submit their claims. HDFC Bank (Financial Creditor) and the Commercial Tax Department submitted claims. A Committee of Creditors (COC) was formed with HDFC as the sole financial creditor. The COC conducted meetings where the continuation of CIRP was discussed. Subsequently,
…M/s. Origin Formulations Private Limited filed a petition under Section 9 of the IBC, 2016, to initiate CIRP against M/s. Fab Pharmaceuticals Private Limited (Corporate Debtor) due to a default of Rs. 21,93,392. The Adjudicating Authority admitted the case on September 19, 2019, initiating CIRP and appointing S. Shivaswamy as the Interim Resolution Professional (IRP). Public announcement was made, inviting creditors to submit their claims. HDFC Bank (Financial Creditor) and the Commercial Tax Department submitted claims. A Committee of Creditors (COC) was formed with HDFC as the sole financial creditor. The COC conducted meetings where the continuation of CIRP was discussed. The Bank declared that the account of the Corporate Debtor was regular. The Corporate Debtor
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The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP) caused…
The case originates from a petition filed by M/s. Origin Formulations Private Limited under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Fab Pharmaceuticals Private Limited (Corporate Debtor) due to a default of Rs. 21,93,392. The Adjudicating Authority admitted the case on September 19, 2019, initiating CIRP and appointing S. Shivaswamy as the Interim Resolution Professional (IRP). Public announcement was made, inviting creditors to submit their claims. HDFC Bank (Financial Creditor) and the Commercial Tax Department submitted claims. A Committee of Creditors (COC) was formed with HDFC as the sole financial creditor. The COC conducted meetings where the continuation of CIRP was discussed. Subsequently,
…M/s. Origin Formulations Private Limited filed a petition under Section 9 of the IBC, 2016, to initiate CIRP against M/s. Fab Pharmaceuticals Private Limited (Corporate Debtor) due to a default of Rs. 21,93,392. The Adjudicating Authority admitted the case on September 19, 2019, initiating CIRP and appointing S. Shivaswamy as the Interim Resolution Professional (IRP). Public announcement was made, inviting creditors to submit their claims. HDFC Bank (Financial Creditor) and the Commercial Tax Department submitted claims. A Committee of Creditors (COC) was formed with HDFC as the sole financial creditor. The COC conducted meetings where the continuation of CIRP was discussed. The Bank declared that the account of the Corporate Debtor was regular. The Corporate Debtor
…The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP) caused…