The case involves an application filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of Essenzaa Lifescience Limited, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by Bank of India under Section 7 of the Code. Despite efforts to find a resolution plan, including multiple invitations for Expression of Interest (EoI), no viable plan was received. The Committee of Creditors (CoC) resolved to proceed with liquidation.
Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) for Essenzaa Lifescience Limited. The CIRP commenced on 2023-11-10. Rajkumar Shamlal Jaiswal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was issued on 2023-11-12, inviting creditors to submit their claims, with a deadline of 2023-11-24. The admitted claims amounted to Rs. 5,51,61,332.93 from Bank of India. The Committee of Creditors (CoC), comprised solely of Bank of India, resolved to appoint the IRP as the RP. Multiple attempts to solicit resolution plans, including re-publication of the Expression of Interest
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Public announcement…
The case involves an application filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of Essenzaa Lifescience Limited, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by Bank of India under Section 7 of the Code. Despite efforts to find a resolution plan, including multiple invitations for Expression of Interest (EoI), no viable plan was received. The Committee of Creditors (CoC) resolved to proceed with liquidation.
Bank of India filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) for Essenzaa Lifescience Limited. The CIRP commenced on 2023-11-10. Rajkumar Shamlal Jaiswal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was issued on 2023-11-12, inviting creditors to submit their claims, with a deadline of 2023-11-24. The admitted claims amounted to Rs. 5,51,61,332.93 from Bank of India. The Committee of Creditors (CoC), comprised solely of Bank of India, resolved to appoint the IRP as the RP. Multiple attempts to solicit resolution plans, including re-publication of the Expression of Interest
…Corporate Insolvency Resolution Process (CIRP)…
Public announcement…