The case involves an application filed by Mr. Anup Kumar Singh, the Resolution Professional, seeking liquidation of the Corporate Debtor, Gena Pharmaceuticals Limited. The Committee of Creditors (CoC) rejected the resolution plan received from SREI Multiple Asset Investment Trust Vision India Fund. The Adjudicating Authority had previously initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor based on a petition filed by Edelweiss Asset Reconstruction Co. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The IRP was appointed as RP in the first meeting of the CoC. Public announcement was made in newspapers, fixing the last date for submitting claims. The applicant received Expressions of Interest (EoI) from prospective
…Edelweiss Asset Reconstruction Co. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against Gena Pharmaceuticals Limited. Mr. Anup Kumar Singh was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was made to invite claims from creditors. The RP received Expressions of Interest (EoI) from prospective resolution applicants, and the deadline for submission was extended multiple times. A resolution plan was eventually received from SREI Multiple Asset Investment Trust Vision India Fund. However, the Committee of Creditors (CoC) rejected the resolution plan with 47.33% votes against it, while
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Adjudicating Authority directed initiation of…
Mr. Anup Kumar Singh…
The case involves an application filed by Mr. Anup Kumar Singh, the Resolution Professional, seeking liquidation of the Corporate Debtor, Gena Pharmaceuticals Limited. The Committee of Creditors (CoC) rejected the resolution plan received from SREI Multiple Asset Investment Trust Vision India Fund. The Adjudicating Authority had previously initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor based on a petition filed by Edelweiss Asset Reconstruction Co. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The IRP was appointed as RP in the first meeting of the CoC. Public announcement was made in newspapers, fixing the last date for submitting claims. The applicant received Expressions of Interest (EoI) from prospective
…Edelweiss Asset Reconstruction Co. Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against Gena Pharmaceuticals Limited. Mr. Anup Kumar Singh was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was made to invite claims from creditors. The RP received Expressions of Interest (EoI) from prospective resolution applicants, and the deadline for submission was extended multiple times. A resolution plan was eventually received from SREI Multiple Asset Investment Trust Vision India Fund. However, the Committee of Creditors (CoC) rejected the resolution plan with 47.33% votes against it, while
…Adjudicating Authority directed initiation of…
Mr. Anup Kumar Singh…