The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Vasan Health Care Private Limited. The Interim Resolution Professional (IRP), Mr. V. Mahesh, was appointed. An appeal was filed by the Corporate Debtor against the order initiating CIRP. The High Court of Madras granted a stay on the CIRP. Subsequently, the Division Bench of the High Court vacated the stay, allowing the CIRP to proceed.
On 2017-04-21, an order was passed initiating the Corporate Insolvency Resolution Process (CIRP) against M/s. Vasan Health Care Private Limited, with Mr. V. Mahesh appointed as the Interim Resolution Professional (IRP). The IRP took over the management of the Corporate Debtor and issued a newspaper publication on 2017-04-24, inviting claims from creditors. On 2017-05-01, the Corporate Debtor appealed the order. The High Court of Madras granted a stay on 2017-05-04. The Division Bench of the High Court of Madras vacated the stay on 2019-09-05, allowing the CIRP to continue. The IRP requested permission to continue the CIRP and make fresh public announcements, as the initial announcement period had lapsed due to the stay. The NCLT order dated 2017-04-21 was revived after
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NCLT passed an order…
IRP issued a newspaper…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Vasan Health Care Private Limited. The Interim Resolution Professional (IRP), Mr. V. Mahesh, was appointed. An appeal was filed by the Corporate Debtor against the order initiating CIRP. The High Court of Madras granted a stay on the CIRP. Subsequently, the Division Bench of the High Court vacated the stay, allowing the CIRP to proceed.
On 2017-04-21, an order was passed initiating the Corporate Insolvency Resolution Process (CIRP) against M/s. Vasan Health Care Private Limited, with Mr. V. Mahesh appointed as the Interim Resolution Professional (IRP). The IRP took over the management of the Corporate Debtor and issued a newspaper publication on 2017-04-24, inviting claims from creditors. On 2017-05-01, the Corporate Debtor appealed the order. The High Court of Madras granted a stay on 2017-05-04. The Division Bench of the High Court of Madras vacated the stay on 2019-09-05, allowing the CIRP to continue. The IRP requested permission to continue the CIRP and make fresh public announcements, as the initial announcement period had lapsed due to the stay. The NCLT order dated 2017-04-21 was revived after
…NCLT passed an order…
IRP issued a newspaper…