The application was filed by M/s Celebrity Life Sciences Pvt Ltd, formerly known as M/s Alekhya Drugs Pvt Ltd, seeking a direction to the Respondent not to recover any amount of unquantified/quantified penalty for the Pre-CIRP period concerning irregularities/offences mentioned in a notice dated 04.12.2023. The Corporate Insolvency Resolution Process (CIRP) of the Applicant was initiated on 11.12.2019, based on an application filed by M/s. Trident Chemphar Ltd, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Resolution Plan submitted by Shri K. Umamaheswara Rao, the promoter of the Corporate Debtor, was approved by the CoC with 100% voting share on 03.09.2021, and the Corporate Debtor's name was subsequently changed to
…M/s Celebrity Life Sciences Pvt Ltd (formerly known as M/s. Alekhya Drugs Pvt Ltd) filed an application before the National Company Law Tribunal (NCLT), Hyderabad Bench, seeking a direction to the Union of India (Respondent) not to recover any amount of unquantified/quantified penalty for the Pre-CIRP period concerning irregularities/offences mentioned in a notice dated 04.12.2023. The Corporate Insolvency Resolution Process (CIRP) of the Applicant was initiated on 11.12.2019, based on an application filed by M/s. Trident Chemphar Ltd, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Resolution Plan submitted by Shri K. Umamaheswara Rao, the promoter of the Corporate Debtor, was approved by the CoC with 100% voting share
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Corporate Insolvency Resolution Process (CIRP)…
The Resolution Plan was approved, and the…
The application was filed by M/s Celebrity Life Sciences Pvt Ltd, formerly known as M/s Alekhya Drugs Pvt Ltd, seeking a direction to the Respondent not to recover any amount of unquantified/quantified penalty for the Pre-CIRP period concerning irregularities/offences mentioned in a notice dated 04.12.2023. The Corporate Insolvency Resolution Process (CIRP) of the Applicant was initiated on 11.12.2019, based on an application filed by M/s. Trident Chemphar Ltd, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Resolution Plan submitted by Shri K. Umamaheswara Rao, the promoter of the Corporate Debtor, was approved by the CoC with 100% voting share on 03.09.2021, and the Corporate Debtor's name was subsequently changed to
…M/s Celebrity Life Sciences Pvt Ltd (formerly known as M/s. Alekhya Drugs Pvt Ltd) filed an application before the National Company Law Tribunal (NCLT), Hyderabad Bench, seeking a direction to the Union of India (Respondent) not to recover any amount of unquantified/quantified penalty for the Pre-CIRP period concerning irregularities/offences mentioned in a notice dated 04.12.2023. The Corporate Insolvency Resolution Process (CIRP) of the Applicant was initiated on 11.12.2019, based on an application filed by M/s. Trident Chemphar Ltd, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Resolution Plan submitted by Shri K. Umamaheswara Rao, the promoter of the Corporate Debtor, was approved by the CoC with 100% voting share
…Corporate Insolvency Resolution Process (CIRP)…
The Resolution Plan was approved, and the…