The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) on behalf of the Committee of Creditors (CoC) seeking approval of the Resolution Plan for Orange Medicare and Research Centre Private Limited (Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated on 17.02.2022, following an application under Section 7 of the IBC by Saraswat Co-op Bank Ltd. (Financial Creditor). Mr. Udayraj Patwardhan was appointed as the Interim Resolution Professional (IRP) and later confirmed as RP. The RP published a public announcement inviting claims from creditors and constituted the CoC. The CoC approved the criteria for inviting Expression of Interest (EoI) for the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Orange Medicare and Research Centre Private Limited on 17.02.2022, based on an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Saraswat Co-op Bank Ltd. Mr. Udayraj Patwardhan was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP published a public announcement on 10.03.2022, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 31.03.2022. The RP received Expression of Interests (EoIs) from seven prospective resolution applicants. The CoC approved the Request For Resolution Plan (RFRP) and Evaluation Matrix (EM) on 30.06.2022. Two resolution plans were received, but
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Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement in…
The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) on behalf of the Committee of Creditors (CoC) seeking approval of the Resolution Plan for Orange Medicare and Research Centre Private Limited (Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated on 17.02.2022, following an application under Section 7 of the IBC by Saraswat Co-op Bank Ltd. (Financial Creditor). Mr. Udayraj Patwardhan was appointed as the Interim Resolution Professional (IRP) and later confirmed as RP. The RP published a public announcement inviting claims from creditors and constituted the CoC. The CoC approved the criteria for inviting Expression of Interest (EoI) for the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Orange Medicare and Research Centre Private Limited on 17.02.2022, based on an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Saraswat Co-op Bank Ltd. Mr. Udayraj Patwardhan was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP published a public announcement on 10.03.2022, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 31.03.2022. The RP received Expression of Interests (EoIs) from seven prospective resolution applicants. The CoC approved the Request For Resolution Plan (RFRP) and Evaluation Matrix (EM) on 30.06.2022. Two resolution plans were received, but
…Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement in…