The Applicants, Socrus Bio Sciences Ltd. and Socrus Pharmaceutical Ltd., filed an Interlocutory Application (IA 377(MP)2025) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to condone the delay in filing the application, admit the interest component of their claims, and revise the resolution plan accordingly. The Applicants are financial creditors of the Corporate Debtor, Pushp Ratna Realty Pvt. Ltd., which is undergoing CIRP.
The Adjudicating Authority admitted M/s Pushp Ratna Realty Pvt. Ltd. into CIRP under Section 7 in C.P.(IB) 26 of 2024 on 16.10.2024.
The Applicants, Socrus Bio Sciences Ltd. and Socrus Pharmaceutical Ltd., submitted their claims as financial creditors in Form C under Regulation 8 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, to the Respondent/RP on 03.06.2025.
The Respondent/RP requested a working calculation to substantiate the interest claim via email dated 07.06.2025.
The Applicants furnished an Excel sheet on 24.06.2025 detailing the interest calculation, based on the interest admitted by the Respondent/RP for a similarly placed unsecured financial creditor, Mr. Ashok Kumar Jain.
…Sign in to view the parties.
Adjudicating Authority admitted M/s Pushp Ratna…
Applicants submitted their claims as financial…
The Applicants, Socrus Bio Sciences Ltd. and Socrus Pharmaceutical Ltd., filed an Interlocutory Application (IA 377(MP)2025) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions to condone the delay in filing the application, admit the interest component of their claims, and revise the resolution plan accordingly. The Applicants are financial creditors of the Corporate Debtor, Pushp Ratna Realty Pvt. Ltd., which is undergoing CIRP.
The Adjudicating Authority admitted M/s Pushp Ratna Realty Pvt. Ltd. into CIRP under Section 7 in C.P.(IB) 26 of 2024 on 16.10.2024.
The Applicants, Socrus Bio Sciences Ltd. and Socrus Pharmaceutical Ltd., submitted their claims as financial creditors in Form C under Regulation 8 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, to the Respondent/RP on 03.06.2025.
The Respondent/RP requested a working calculation to substantiate the interest claim via email dated 07.06.2025.
The Applicants furnished an Excel sheet on 24.06.2025 detailing the interest calculation, based on the interest admitted by the Respondent/RP for a similarly placed unsecured financial creditor, Mr. Ashok Kumar Jain.
…Adjudicating Authority admitted M/s Pushp Ratna…
Applicants submitted their claims as financial…