The case pertains to an application filed by the Interim Resolution Professional (IRP), acting as Resolution Professional (RP), seeking orders for the liquidation of the Corporate Debtor, M/S Neocortex Life Sciences Private Limited, under CIRP.
The application was filed by the Interim Resolution Professional (IRP) seeking liquidation orders for M/S Neocortex Life Sciences Private Limited.
The Corporate Debtor was admitted into CIRP under Section 10 of the IBC.
The IRP made public announcements inviting claims from creditors.
The CoC was constituted but faced non-cooperation from its members.
The CoC did not approve the proposal for interim finance/sharing the expenses required to run the process.
The value of assets of the CD was insignificant, and the bank balance was Rs 70,650.56.
The CoC felt that the CD Company has no major assets to attract applicants to submit their Expression of Interest.
The CoC did not appoint a Resolution Professional (RP).
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Order of the T…
IRP made public…
The case pertains to an application filed by the Interim Resolution Professional (IRP), acting as Resolution Professional (RP), seeking orders for the liquidation of the Corporate Debtor, M/S Neocortex Life Sciences Private Limited, under CIRP.
The application was filed by the Interim Resolution Professional (IRP) seeking liquidation orders for M/S Neocortex Life Sciences Private Limited.
The Corporate Debtor was admitted into CIRP under Section 10 of the IBC.
The IRP made public announcements inviting claims from creditors.
The CoC was constituted but faced non-cooperation from its members.
The CoC did not approve the proposal for interim finance/sharing the expenses required to run the process.
The value of assets of the CD was insignificant, and the bank balance was Rs 70,650.56.
The CoC felt that the CD Company has no major assets to attract applicants to submit their Expression of Interest.
The CoC did not appoint a Resolution Professional (RP).
…Order of the T…
IRP made public…