The case pertains to CA No.704/2019 filed by the Resolution Professional (RP) under Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking sanction of a resolution plan for SRS Meditech Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Durga Enterprises, an operational creditor, under Section 9 of the Code. The CIRP was admitted on 02.11.2018. The applicant was appointed as Interim Resolution Professional (IRP) on 15.11.2018 and subsequently continued as RP. Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) was formed, and meetings were held to evaluate resolution plans. Vaibhav Buildtech Private Limited submitted a resolution plan that was
…Durga Enterprises, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against SRS Meditech Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 02.11.2018. Tarun Batra was appointed as the Interim Resolution Professional (IRP) on 15.11.2018 and later continued as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was constituted with seven financial creditors initially, later reconstituted with ten. State Bank of India held the largest voting share at 59.39%. The IRP appointed registered valuers to determine the fair value and liquidation value of the corporate debtor. The CoC approved
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Corporate Insolvency…
Tarun Batra appointed…
The case pertains to CA No.704/2019 filed by the Resolution Professional (RP) under Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking sanction of a resolution plan for SRS Meditech Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Durga Enterprises, an operational creditor, under Section 9 of the Code. The CIRP was admitted on 02.11.2018. The applicant was appointed as Interim Resolution Professional (IRP) on 15.11.2018 and subsequently continued as RP. Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) was formed, and meetings were held to evaluate resolution plans. Vaibhav Buildtech Private Limited submitted a resolution plan that was
…Durga Enterprises, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against SRS Meditech Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 02.11.2018. Tarun Batra was appointed as the Interim Resolution Professional (IRP) on 15.11.2018 and later continued as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was constituted with seven financial creditors initially, later reconstituted with ten. State Bank of India held the largest voting share at 59.39%. The IRP appointed registered valuers to determine the fair value and liquidation value of the corporate debtor. The CoC approved
…Corporate Insolvency…
Tarun Batra appointed…