The case involves an application filed by the Resolution Professional (RP) seeking liquidation of the Corporate Debtor, Gems Care & Cure Health Center Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by Nu Shri Shyam Pharmaceuticals Private Limited (operational creditor) under section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority had directed the initiation of CIRP and appointed an Interim Resolution Professional (IRP). Public announcement was made, and the Committee of Creditors (CoC) was constituted. An invitation for Expression of Interest (Eol) was published, and an Eol was received from Eskag Sanjeevani Private Limited. A Resolution Plan was
…Nu Shri Shyam Pharmaceuticals Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Gems Care & Cure Health Center Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority approved the initiation of CIRP. Rajesh Lihala was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). An invitation for Expression of Interest (Eol) was published, and Eskag Sanjeevani Private Limited submitted an Eol. A Resolution Plan was submitted by Eskag Sanjeevani Private Limited and discussed in multiple CoC meetings. The CoC rejected the Resolution Plan with 100% votes in its 20th meeting held on 01.10.2020. The CIRP period
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Adjudicating Authority passed an order for…
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The case involves an application filed by the Resolution Professional (RP) seeking liquidation of the Corporate Debtor, Gems Care & Cure Health Center Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by Nu Shri Shyam Pharmaceuticals Private Limited (operational creditor) under section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority had directed the initiation of CIRP and appointed an Interim Resolution Professional (IRP). Public announcement was made, and the Committee of Creditors (CoC) was constituted. An invitation for Expression of Interest (Eol) was published, and an Eol was received from Eskag Sanjeevani Private Limited. A Resolution Plan was
…Nu Shri Shyam Pharmaceuticals Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Gems Care & Cure Health Center Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority approved the initiation of CIRP. Rajesh Lihala was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). An invitation for Expression of Interest (Eol) was published, and Eskag Sanjeevani Private Limited submitted an Eol. A Resolution Plan was submitted by Eskag Sanjeevani Private Limited and discussed in multiple CoC meetings. The CoC rejected the Resolution Plan with 100% votes in its 20th meeting held on 01.10.2020. The CIRP period
…Adjudicating Authority passed an order for…
Public announcement in…