The case involves an application (IA No. 644/JPR/2023) filed by the Resolution Professional (RP) of M/s Supriya Pharmaceuticals Limited ('Corporate Debtor') under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 ('IBC') seeking approval of a resolution plan. The insolvency application was initiated by the Operational Creditor, Apollo International Limited, under Section 9 of the Code. The application was admitted on 22.03.2023. The RP was appointed, and a public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was duly constituted. The CoC approved a resolution plan submitted by R Net Intelligent Systems Private Limited with a 100% voting share.
Apollo International Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Supriya Pharmaceuticals Limited, the Corporate Debtor, under Section 9 of the IBC. The application was admitted on 2023-03-22. An Interim Resolution Professional (IRP) was appointed, who then issued a public announcement inviting claims. The Committee of Creditors (CoC) was formed. The RP received two resolution plans, including one from Sunrise Industries and another from R Net Intelligent Systems Private Limited. The CoC approved the resolution plan of R Net Intelligent Systems Private Limited with 100% voting share. The RP issued a Letter of Intent to R Net Intelligent Systems Private Limited. The resolution plan includes provisions for payment to
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The case involves an application (IA No. 644/JPR/2023) filed by the Resolution Professional (RP) of M/s Supriya Pharmaceuticals Limited ('Corporate Debtor') under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 ('IBC') seeking approval of a resolution plan. The insolvency application was initiated by the Operational Creditor, Apollo International Limited, under Section 9 of the Code. The application was admitted on 22.03.2023. The RP was appointed, and a public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was duly constituted. The CoC approved a resolution plan submitted by R Net Intelligent Systems Private Limited with a 100% voting share.
Apollo International Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Supriya Pharmaceuticals Limited, the Corporate Debtor, under Section 9 of the IBC. The application was admitted on 2023-03-22. An Interim Resolution Professional (IRP) was appointed, who then issued a public announcement inviting claims. The Committee of Creditors (CoC) was formed. The RP received two resolution plans, including one from Sunrise Industries and another from R Net Intelligent Systems Private Limited. The CoC approved the resolution plan of R Net Intelligent Systems Private Limited with 100% voting share. The RP issued a Letter of Intent to R Net Intelligent Systems Private Limited. The resolution plan includes provisions for payment to
…The Corporate…
The Adjudicating…