The case pertains to the insolvency resolution of M/s Alchemist Hospitals (Gurgaon) Private Ltd. The insolvency petition was filed by an Operational Creditor, M/s Touchlife Pharma Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and subsequently, due to the absence of a resolution plan, liquidation was ordered. Sudhir Kumar Jain was appointed as the liquidator. The liquidator took steps to liquidate the assets of the corporate debtor, including forming a Stakeholders Consultation Committee (SCC) and conducting e-auctions.
M/s Touchlife Pharma Pvt. Ltd. filed an insolvency petition against M/s Alchemist Hospitals (Gurgaon) Private Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted, and CIRP was initiated. During the CIRP, the COC proposed replacing the Interim Resolution Professional with Sudhir Kumar Jain, who was appointed as the Resolution Professional. No resolution plan was received, leading to a liquidation application being filed and allowed. Sudhir Kumar Jain was appointed as the liquidator. The liquidator formed a liquidation estate, conducted e-auctions, and realized Rs 1,72,93,649/-. Out of this, Rs 1,60,00,000/- was distributed among the financial creditors. The liquidator filed an application under Section 54 of the I&B Code for
…Sign in to view the parties.
The Tribunal admitted the application for…
The Committee of…
The case pertains to the insolvency resolution of M/s Alchemist Hospitals (Gurgaon) Private Ltd. The insolvency petition was filed by an Operational Creditor, M/s Touchlife Pharma Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and subsequently, due to the absence of a resolution plan, liquidation was ordered. Sudhir Kumar Jain was appointed as the liquidator. The liquidator took steps to liquidate the assets of the corporate debtor, including forming a Stakeholders Consultation Committee (SCC) and conducting e-auctions.
M/s Touchlife Pharma Pvt. Ltd. filed an insolvency petition against M/s Alchemist Hospitals (Gurgaon) Private Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted, and CIRP was initiated. During the CIRP, the COC proposed replacing the Interim Resolution Professional with Sudhir Kumar Jain, who was appointed as the Resolution Professional. No resolution plan was received, leading to a liquidation application being filed and allowed. Sudhir Kumar Jain was appointed as the liquidator. The liquidator formed a liquidation estate, conducted e-auctions, and realized Rs 1,72,93,649/-. Out of this, Rs 1,60,00,000/- was distributed among the financial creditors. The liquidator filed an application under Section 54 of the I&B Code for
…The Tribunal admitted the application for…
The Committee of…