The case involves an application filed by Mr. Rajeev Mannadiar, the Resolution Professional, seeking liquidation of Eurolife Healthcare Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Eurolife Healthcare Private Limited after HDFC Bank Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 09.05.2023. Mr. Rajeev Mannadiar was appointed as the Interim Resolution Professional (IRP) on 09.05.2023 and later confirmed as the Resolution Professional on 07.06.2023.
HDFC Bank Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Eurolife Healthcare Private Limited, the Corporate Debtor. The petition was admitted on 09.05.2023, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Rajeev Mannadiar was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Form G was issued to invite Expression of Interest (EoI) from prospective resolution applicants, resulting in 29 EOIs. However, only one PRA, a related party, submitted a resolution plan. The Committee of Creditors (CoC) then resolved to recommend liquidation of the Corporate Debtor in its meeting held on 03.11.2023, with 100% voting in favor. The
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The Tribunal admitted the petition filed by…
Mr. Rajeev Mannadiar was appointed as the…
The case involves an application filed by Mr. Rajeev Mannadiar, the Resolution Professional, seeking liquidation of Eurolife Healthcare Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Eurolife Healthcare Private Limited after HDFC Bank Limited, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 09.05.2023. Mr. Rajeev Mannadiar was appointed as the Interim Resolution Professional (IRP) on 09.05.2023 and later confirmed as the Resolution Professional on 07.06.2023.
HDFC Bank Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Eurolife Healthcare Private Limited, the Corporate Debtor. The petition was admitted on 09.05.2023, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Rajeev Mannadiar was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Form G was issued to invite Expression of Interest (EoI) from prospective resolution applicants, resulting in 29 EOIs. However, only one PRA, a related party, submitted a resolution plan. The Committee of Creditors (CoC) then resolved to recommend liquidation of the Corporate Debtor in its meeting held on 03.11.2023, with 100% voting in favor. The
…The Tribunal admitted the petition filed by…
Mr. Rajeev Mannadiar was appointed as the…