The case involves an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nadia Health Care Private Ltd. Sarla Tantia, the Operational Creditor, filed the application due to the Corporate Debtor's alleged default in paying lease rent amounting to Rs.2,33,45,860/-. The CIRP was initiated, and Mr. Hrishikesh Dasgupta was appointed as the Interim Resolution Professional (IRP).
Sarla Tantia, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nadia Health Care Private Limited, the Corporate Debtor. The application was based on the Corporate Debtor's alleged default in paying lease rent amounting to Rs.2,33,45,860/-. The CIRP was initiated on 2018-10-05, and Hrishikesh Dasgupta was appointed as the IRP. The IRP made a public announcement of the CIRP and called upon creditors to submit their claims. The Committee of Creditors (CoC) was formed, consisting of State Bank of India with 100% voting rights. The CoC directed the RP to prepare an Information Memorandum. Despite efforts, no resolution plan was received. Consequently, the CoC decided to request the authority to pass an order
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The authority admitted the corporate debtor…
The Interim Resolution…
The case involves an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nadia Health Care Private Ltd. Sarla Tantia, the Operational Creditor, filed the application due to the Corporate Debtor's alleged default in paying lease rent amounting to Rs.2,33,45,860/-. The CIRP was initiated, and Mr. Hrishikesh Dasgupta was appointed as the Interim Resolution Professional (IRP).
Sarla Tantia, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nadia Health Care Private Limited, the Corporate Debtor. The application was based on the Corporate Debtor's alleged default in paying lease rent amounting to Rs.2,33,45,860/-. The CIRP was initiated on 2018-10-05, and Hrishikesh Dasgupta was appointed as the IRP. The IRP made a public announcement of the CIRP and called upon creditors to submit their claims. The Committee of Creditors (CoC) was formed, consisting of State Bank of India with 100% voting rights. The CoC directed the RP to prepare an Information Memorandum. Despite efforts, no resolution plan was received. Consequently, the CoC decided to request the authority to pass an order
…The authority admitted the corporate debtor…
The Interim Resolution…