Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

This is to inform you that the 13th meeting of the Committee of Creditors (CoC) of Sterling Biotech Limited (under Corporate Insolvency Resolution Process) (the Company) was held on Wednesday, 27th February 2019 at 10:00 A.M. at IMC Bldg., IMC Marg, Churchgate, Mumbai – 400 020, Maharashtra, India.

The e-voting on the resolution put to vote at the 13th meeting of the CoC of the Company commenced at Thursday, 28th February 2019 at (07:00 p.m. IST) and concluded on Saturday 02nd March 2019 at (08:00 p.m. IST)

In this regard, please note the following outcome of the E-Voting results:

1. TO CONSIDER AND APPROVE THE WITHDRAWAL OF THE CIRP OF THE COMPANY:

Result: The said resolution was rejected by the Committee of Creditors due to lack of requis…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/sterling-biotech-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26423315.ece

Category: LiquidationBy Insolvency Advisory Accountants March 3, 2019

Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Dear Sir / Madam,

We would like to inform you that 09th meeting of Committee of Creditors of Sterling Biotech Limited was held on Monday, 14th January 2019 at 11.00 A.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India.

As per the resolution process of Sterling Biotech Limited, the Resolution Professional (RP) has received one resolution plan from a Bidder and two offer letters from other Bidders.

The summary of the proposed resolution plan and offer letters was presented by the Bidders to the Committee of Creditors (CoC) in their meeting held on 14th January 2019. The CoC has acknowledged all three offers subject to further evaluation and their conformity with Request for Reso…

Category: LiquidationBy Insolvency Advisory Accountants January 15, 2019

Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Dear Sir / Madam,

We would like to inform you that 2nd meeting of Committee of Creditors of Sterling Biotech Limited was held on Friday, 10th August 2018 at 12.00 Noon IST at IMC Bldg., IMC Marg, Churchgate, Mumbai – 400 020, Maharashtra, India.
The voting period for list of resolutions to be voted at the 2nd meeting of Committee of Creditors of Sterling Biotech Limited held on Friday, 10th August 2018 had concluded on 14th August 2018 at 5.00 P.M. IST.
The Committee of Creditors had approved the Appointment of M/s. GMGS & Associates or its affiliate CA Audit firm as the Statutory Auditor of Sterling Biotech Limited for the Financial Year 2017-18 and 2018-19.

You are requested to take the same on record.

Pdf Link:
Sterling Biotech L…

Category: LiquidationBy Insolvency Advisory Accountants August 15, 2018

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Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

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Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

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