The case involves multiple IAs filed in relation to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Visa Pharmaceuticals Private Limited. The CIRP was initiated based on an application by Syndicate Bank, and Mr. Kannan Tiruvengadam was appointed as the Interim Resolution Professional, later confirmed as Resolution Professional. As no resolution plan was received, the Adjudicating Authority ordered the liquidation of the Corporate Debtor, and Mr. Chandra Kumar Jain was appointed as the liquidator.
Visa Pharmaceuticals Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 03 December, 2019.
Mr. Kannan Tiruvengadam was appointed as the Interim Resolution Professional and later confirmed as Resolution Professional.
No resolution plan was received during the CIRP.
An order for liquidation of the Corporate Debtor was passed on 18 January, 2021.
Mr. Chandra Kumar Jain was appointed as the liquidator.
The liquidator filed applications seeking dissolution of the Corporate Debtor and directions to the Registrar of Companies.
The Financial Creditor agreed to pay the Liquidator's fees.
The Liquidator made a public announcement for commencement of liquidation on 28 January, 2021.
The last date for submission of claim was 17 February, 2021.
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Visa Pharmaceuticals Private Limited was…
An order for liquidation…
The case involves multiple IAs filed in relation to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Visa Pharmaceuticals Private Limited. The CIRP was initiated based on an application by Syndicate Bank, and Mr. Kannan Tiruvengadam was appointed as the Interim Resolution Professional, later confirmed as Resolution Professional. As no resolution plan was received, the Adjudicating Authority ordered the liquidation of the Corporate Debtor, and Mr. Chandra Kumar Jain was appointed as the liquidator.
Visa Pharmaceuticals Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 03 December, 2019.
Mr. Kannan Tiruvengadam was appointed as the Interim Resolution Professional and later confirmed as Resolution Professional.
No resolution plan was received during the CIRP.
An order for liquidation of the Corporate Debtor was passed on 18 January, 2021.
Mr. Chandra Kumar Jain was appointed as the liquidator.
The liquidator filed applications seeking dissolution of the Corporate Debtor and directions to the Registrar of Companies.
The Financial Creditor agreed to pay the Liquidator's fees.
The Liquidator made a public announcement for commencement of liquidation on 28 January, 2021.
The last date for submission of claim was 17 February, 2021.
…Visa Pharmaceuticals Private Limited was…
An order for liquidation…