The case involves multiple applications related to the Corporate Insolvency Resolution Process (CIRP) of Unijules Life Sciences Limited. Amit Chandrashekhar Poddar, the Resolution Professional, filed an application seeking approval of a Resolution Plan submitted by S.S. Fabricators & Manufacturers Private Limited. Simultaneously, Consortium of Shantech International Pvt Ltd. and Worldfa Exports Pvt Ltd., and Satsai Finlease Private Limited filed applications challenging the resolution process and seeking various reliefs.
Corporate Debtor, Unijules Life Sciences Limited, underwent CIRP following an order dated 08.03.2019.
Amit Chandrashekhar Poddar was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Public announcement was made on 11.03.2019, inviting claims from creditors.
The RP received multiple Resolution Plans, including one from Adroit Pharmaceuticals Private Limited, which was initially approved but later rejected.
S.S. Fabricators & Manufacturers Private Limited submitted a Resolution Plan that was approved by the CoC with 98.54% voting share.
Consortium of Shantech International Pvt Ltd. and Worldfa Exports Pvt Ltd. and Satsai Finlease Private Limited filed applications challenging the resolution process.
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CP(IB) No. 3080…
Tribunal admit…
The case involves multiple applications related to the Corporate Insolvency Resolution Process (CIRP) of Unijules Life Sciences Limited. Amit Chandrashekhar Poddar, the Resolution Professional, filed an application seeking approval of a Resolution Plan submitted by S.S. Fabricators & Manufacturers Private Limited. Simultaneously, Consortium of Shantech International Pvt Ltd. and Worldfa Exports Pvt Ltd., and Satsai Finlease Private Limited filed applications challenging the resolution process and seeking various reliefs.
Corporate Debtor, Unijules Life Sciences Limited, underwent CIRP following an order dated 08.03.2019.
Amit Chandrashekhar Poddar was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Public announcement was made on 11.03.2019, inviting claims from creditors.
The RP received multiple Resolution Plans, including one from Adroit Pharmaceuticals Private Limited, which was initially approved but later rejected.
S.S. Fabricators & Manufacturers Private Limited submitted a Resolution Plan that was approved by the CoC with 98.54% voting share.
Consortium of Shantech International Pvt Ltd. and Worldfa Exports Pvt Ltd. and Satsai Finlease Private Limited filed applications challenging the resolution process.
…CP(IB) No. 3080…
Tribunal admit…