Supha Pharmachem's Committee of Creditors held its first meeting, approving key CIRP operational matters and a six-month budget.
The CoC rejected the appointment of IP Rishab Sethi and approved IP Raju Mangilal Marshiya as the new Resolution Professional.
The Interim Resolution Professional reports non-cooperation from suspended directors who have failed to hand over company control and records.
This disclosure fulfills SEBI LODR Regulation 30 requirements regarding corporate insolvency resolution process developments.