Rajaram Food Products India Limited, formerly known as Capricorn Food Products India Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Manpasand Beverages Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) for outstanding dues of Rs. 4,44,15,092/- along with an interest amount of Rs. 61,72,156/-.
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The applicant, Rajaram Food Products India Ltd, claimed outstanding dues of Rs. 4,44,15,092/- along with interest of Rs. 61,72,156/-.
The corporate debtor, Manpasand Beverages Limited, disputed the claim, alleging pre-existing disputes and bogus invoices.
The applicant had undergone CIRP and was acquired by a Successful Resolution Applicant (SRA).
The GST department had issued orders indicating bogus transactions involving the applicant and other parties.
The Tribunal found that the application was complete, the operational debt existed, and there was no valid pre-existing dispute.
The Tribunal admitted the petition and initiated CIRP against the corporate debtor.
Sign in to view the parties.
The Company Petition was originally filed by the…
The Petition came to be disposed of on…
Rajaram Food Products India Limited, formerly known as Capricorn Food Products India Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Manpasand Beverages Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) for outstanding dues of Rs. 4,44,15,092/- along with an interest amount of Rs. 61,72,156/-.
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The applicant, Rajaram Food Products India Ltd, claimed outstanding dues of Rs. 4,44,15,092/- along with interest of Rs. 61,72,156/-.
The corporate debtor, Manpasand Beverages Limited, disputed the claim, alleging pre-existing disputes and bogus invoices.
The applicant had undergone CIRP and was acquired by a Successful Resolution Applicant (SRA).
The GST department had issued orders indicating bogus transactions involving the applicant and other parties.
The Tribunal found that the application was complete, the operational debt existed, and there was no valid pre-existing dispute.
The Tribunal admitted the petition and initiated CIRP against the corporate debtor.
The Company Petition was originally filed by the…
The Petition came to be disposed of on…