The case pertains to I.A. (IBC)(Plan) No. 63 of 2024 in C.P. (IB) No. 36/MB/2023, filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by Mr. Kailash Shah, the Resolution Professional (RP) of Unistar Tradelink Private Limited, the Corporate Debtor (CD). The application seeks approval of the Resolution Plan submitted by K.A. Malle Pharmaceuticals, the Successful Resolution Applicant (SRA). The Corporate Insolvency Resolution Process (CIRP) was initiated against the CD in C.P. (IB) No. 36/MB/2023 under Section 10 of the IBC. Mr. Kailash Shah was appointed as the Interim Resolution Professional (IRP). Public announcement of the CIRP commencement was made, inviting claims from creditors, leading to the constitution of the Committee of Creditors (CoC) with
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Unistar Tradelink Private Limited based on an application under Section 10 of the IBC. Kailash Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed with Cosmos Co-operative Bank Limited as the sole financial creditor. Several meetings of the CoC were conducted to evaluate resolution plans. Form G was published multiple times to invite Expression of Interest (EOI) from prospective resolution applicants. K.A. Malle Pharmaceuticals submitted a resolution plan that was approved by the CoC with 100% voting share. The Resolution Plan proposed a resolution amount of Rs. 24.75 Crore. The
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Tribunal initiated the Corporate Insolvency…
The IRP caused public announcement in two daily…
The case pertains to I.A. (IBC)(Plan) No. 63 of 2024 in C.P. (IB) No. 36/MB/2023, filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by Mr. Kailash Shah, the Resolution Professional (RP) of Unistar Tradelink Private Limited, the Corporate Debtor (CD). The application seeks approval of the Resolution Plan submitted by K.A. Malle Pharmaceuticals, the Successful Resolution Applicant (SRA). The Corporate Insolvency Resolution Process (CIRP) was initiated against the CD in C.P. (IB) No. 36/MB/2023 under Section 10 of the IBC. Mr. Kailash Shah was appointed as the Interim Resolution Professional (IRP). Public announcement of the CIRP commencement was made, inviting claims from creditors, leading to the constitution of the Committee of Creditors (CoC) with
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Unistar Tradelink Private Limited based on an application under Section 10 of the IBC. Kailash Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed with Cosmos Co-operative Bank Limited as the sole financial creditor. Several meetings of the CoC were conducted to evaluate resolution plans. Form G was published multiple times to invite Expression of Interest (EOI) from prospective resolution applicants. K.A. Malle Pharmaceuticals submitted a resolution plan that was approved by the CoC with 100% voting share. The Resolution Plan proposed a resolution amount of Rs. 24.75 Crore. The
…Tribunal initiated the Corporate Insolvency…
The IRP caused public announcement in two daily…