The case pertains to IA/293/IB/2020 filed in CP/191/IB/2018 under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation process) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) for Bharat Medicare Private Limited was initiated by an Operational Creditor under Section 9 of IBC, 2016, with an order dated 2018-04-18. The applicant, A. Mohan Kumar, was appointed as the Interim Resolution Professional and later as the Liquidator. The Tribunal ordered liquidation on 2019-01-28, and a public announcement was made on 2019-02-01.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Bharat Medicare Private Limited by an Operational Creditor under Section 9 of the IBC, 2016. A. Mohan Kumar was appointed as the Interim Resolution Professional and later as the Liquidator. The Tribunal ordered liquidation on 2019-01-28. The liquidator complied with various IBBI regulations, including changing bank account nomenclature, submitting reports, informing authorities, verifying claims, and making public announcements. The liquidator registered and obtained GSTIN for the Corporate Debtor post-liquidation order and filed for cancellation of GST registration. Distributions to stakeholders were made based on admitted claims. The liquidator submitted progress reports and asset sale reports.
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Corporate Insolvency Resolution Process…
Tribunal ordered…
The case pertains to IA/293/IB/2020 filed in CP/191/IB/2018 under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation process) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) for Bharat Medicare Private Limited was initiated by an Operational Creditor under Section 9 of IBC, 2016, with an order dated 2018-04-18. The applicant, A. Mohan Kumar, was appointed as the Interim Resolution Professional and later as the Liquidator. The Tribunal ordered liquidation on 2019-01-28, and a public announcement was made on 2019-02-01.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Bharat Medicare Private Limited by an Operational Creditor under Section 9 of the IBC, 2016. A. Mohan Kumar was appointed as the Interim Resolution Professional and later as the Liquidator. The Tribunal ordered liquidation on 2019-01-28. The liquidator complied with various IBBI regulations, including changing bank account nomenclature, submitting reports, informing authorities, verifying claims, and making public announcements. The liquidator registered and obtained GSTIN for the Corporate Debtor post-liquidation order and filed for cancellation of GST registration. Distributions to stakeholders were made based on admitted claims. The liquidator submitted progress reports and asset sale reports.
…Corporate Insolvency Resolution Process…
Tribunal ordered…