Small Industries Development Bank of India (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Dr. Smiths Biotech Private Limited (Corporate Debtor) under Section 7 of the IBC. Megha Agarwal was appointed as the Resolution Professional. A Resolution Plan submitted by Ananta Medicare Limited was approved by the Committee of Creditors with 100% voting share. The RP filed an application (I.A. (IBC) (PLAN)/6 (MB)/2026) seeking the Tribunal's approval for this plan.
Small Industries Development Bank of India (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Dr. Smiths Biotech Private Limited (Corporate Debtor) under Section 7 of the IBC, 2016.
The CIRP was initiated on April 28, 2025, and Megha Agarwal was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted on May 19, 2025, with Small Industries Development Bank of India as the sole secured financial creditor, holding 100% voting share.
Registered valuers determined the Fair Value of the Corporate Debtor's assets at Rs. 11,00,98,209.60 and the Liquidation Value at Rs. 8,31,47,172.50.
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Corporate Debtor admitted into CIRP upon…
IRP made a public…
Small Industries Development Bank of India (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Dr. Smiths Biotech Private Limited (Corporate Debtor) under Section 7 of the IBC. Megha Agarwal was appointed as the Resolution Professional. A Resolution Plan submitted by Ananta Medicare Limited was approved by the Committee of Creditors with 100% voting share. The RP filed an application (I.A. (IBC) (PLAN)/6 (MB)/2026) seeking the Tribunal's approval for this plan.
Small Industries Development Bank of India (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against Dr. Smiths Biotech Private Limited (Corporate Debtor) under Section 7 of the IBC, 2016.
The CIRP was initiated on April 28, 2025, and Megha Agarwal was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP).
The Committee of Creditors (CoC) was constituted on May 19, 2025, with Small Industries Development Bank of India as the sole secured financial creditor, holding 100% voting share.
Registered valuers determined the Fair Value of the Corporate Debtor's assets at Rs. 11,00,98,209.60 and the Liquidation Value at Rs. 8,31,47,172.50.
…Corporate Debtor admitted into CIRP upon…
IRP made a public…