The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Vasan Health Care Private Limited. The CIRP was triggered by an application. An Interim Resolution Professional (IRP), Mr. V. Mahesh, was appointed. The Corporate Debtor filed an appeal against the order initiating CIRP. A Company Petition was filed before the High Court of Madras, which granted a stay on the CIRP proceedings. Subsequently, the Division Bench of the High Court vacated the stay. The IRP requested permission to continue the CIRP and make fresh public announcements, as the initial announcement period had lapsed due to the stay order.
On 21.04.2017, an order was passed initiating the CIRP against M/s. Vasan Health Care Private Limited. Mr. V. Mahesh was appointed as the Interim Resolution Professional (IRP). On 01.05.2017, the Corporate Debtor filed an appeal against the order initiating CIRP. The High Court of Madras granted a stay on the CIRP proceedings on 04.05.2017. The Division Bench of the High Court of Madras vacated the stay on 05.09.2019. The IRP then requested permission to continue the CIRP and make fresh public announcements. The initial public announcement period had lapsed due to the stay order. The IRP had taken over the management of the Corporate Debtor and issued newspaper publications on 24.04.2017, inviting claims from creditors, as per Regulation 6(1) of the IBBI (Insolvency
…Sign in to view the parties.
An order was passed initiating the Corporate…
The Interim Resolution Professional (IRP)…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Vasan Health Care Private Limited. The CIRP was triggered by an application. An Interim Resolution Professional (IRP), Mr. V. Mahesh, was appointed. The Corporate Debtor filed an appeal against the order initiating CIRP. A Company Petition was filed before the High Court of Madras, which granted a stay on the CIRP proceedings. Subsequently, the Division Bench of the High Court vacated the stay. The IRP requested permission to continue the CIRP and make fresh public announcements, as the initial announcement period had lapsed due to the stay order.
On 21.04.2017, an order was passed initiating the CIRP against M/s. Vasan Health Care Private Limited. Mr. V. Mahesh was appointed as the Interim Resolution Professional (IRP). On 01.05.2017, the Corporate Debtor filed an appeal against the order initiating CIRP. The High Court of Madras granted a stay on the CIRP proceedings on 04.05.2017. The Division Bench of the High Court of Madras vacated the stay on 05.09.2019. The IRP then requested permission to continue the CIRP and make fresh public announcements. The initial public announcement period had lapsed due to the stay order. The IRP had taken over the management of the Corporate Debtor and issued newspaper publications on 24.04.2017, inviting claims from creditors, as per Regulation 6(1) of the IBBI (Insolvency
…An order was passed initiating the Corporate…
The Interim Resolution Professional (IRP)…