Rajaram Food Products India Ltd, formerly known as Capricorn Food Products India Ltd, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Manpasand Beverages Ltd, seeking initiation of Corporate Insolvency Resolution Process (CIRP) for outstanding dues of Rs. 4,44,15,092/- along with interest.
Rajaram Food Products India Ltd (formerly Capricorn Food Products India Ltd) is the Applicant/Operational Creditor.
Manpasand Beverages Ltd is the Respondent/Corporate Debtor.
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The Operational Creditor claimed outstanding dues of Rs. 4,44,15,092/- along with interest of Rs. 61,72,156/-.
The Corporate Debtor had been subject to prior CIRP proceedings, which were subsequently withdrawn upon settlement.
The Corporate Debtor alleged a pre-existing dispute regarding the quality and quantity of goods supplied.
The Corporate Debtor alleged misrepresentation and fraud by the Operational Creditor, including the issuance of fake invoices.
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The Applicant originally filed the Company…
The said Petition came to be disposed of on…
Rajaram Food Products India Ltd, formerly known as Capricorn Food Products India Ltd, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Manpasand Beverages Ltd, seeking initiation of Corporate Insolvency Resolution Process (CIRP) for outstanding dues of Rs. 4,44,15,092/- along with interest.
Rajaram Food Products India Ltd (formerly Capricorn Food Products India Ltd) is the Applicant/Operational Creditor.
Manpasand Beverages Ltd is the Respondent/Corporate Debtor.
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The Operational Creditor claimed outstanding dues of Rs. 4,44,15,092/- along with interest of Rs. 61,72,156/-.
The Corporate Debtor had been subject to prior CIRP proceedings, which were subsequently withdrawn upon settlement.
The Corporate Debtor alleged a pre-existing dispute regarding the quality and quantity of goods supplied.
The Corporate Debtor alleged misrepresentation and fraud by the Operational Creditor, including the issuance of fake invoices.
…The Applicant originally filed the Company…
The said Petition came to be disposed of on…