The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the National Company Law Tribunal Rules, 2016 by Shree Saibaba Sugars Limited, the successful bidder in the e-auction conducted by the liquidator of Rudrani Health Care Services Limited (Corporate Debtor). The Applicant, being the purchaser of the Corporate Debtor as a going concern, seeks certain reliefs, concessions, and exceptions for keeping the Corporate Debtor as a going concern.
The Corporate Debtor, Rudrani Health Care Services Limited, was incorporated on 14.11.2008 and was involved in the business of healthcare activities.
The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) pursuant to an order dated 07.09.2021.
Mr. Sachin Shriniwas Bhattad was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional by the Committee of Creditors (CoC).
The Respondent filed an application under section 33 of the Code for the initiation of liquidation of the Corporate Debtor.
On 27.01.2023, the Tribunal ordered that the Corporate Debtor be liquidated as a going concern.
The Respondent published an auction notice on 08.09.2023 for the sale of the Corporate Debtor as a going concern.
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Corporate Debtor…
Tribunal ordered that…
The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the National Company Law Tribunal Rules, 2016 by Shree Saibaba Sugars Limited, the successful bidder in the e-auction conducted by the liquidator of Rudrani Health Care Services Limited (Corporate Debtor). The Applicant, being the purchaser of the Corporate Debtor as a going concern, seeks certain reliefs, concessions, and exceptions for keeping the Corporate Debtor as a going concern.
The Corporate Debtor, Rudrani Health Care Services Limited, was incorporated on 14.11.2008 and was involved in the business of healthcare activities.
The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) pursuant to an order dated 07.09.2021.
Mr. Sachin Shriniwas Bhattad was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional by the Committee of Creditors (CoC).
The Respondent filed an application under section 33 of the Code for the initiation of liquidation of the Corporate Debtor.
On 27.01.2023, the Tribunal ordered that the Corporate Debtor be liquidated as a going concern.
The Respondent published an auction notice on 08.09.2023 for the sale of the Corporate Debtor as a going concern.
…Corporate Debtor…
Tribunal ordered that…