# In the matter of MANPASAND BEVERAGES LIMITED

> NCLT judgment dated 2025-11-19. Citation: TCN-2025-NCLT-01705. Rajaram Food Products India Ltd, formerly known as Capricorn Food Products India Ltd, filed an…

- **Court:** NCLT
- **Order date:** 19 Nov 2025
- **Citation:** TCN-2025-NCLT-01705
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/manpasand-beverages-limited-e099315d

## Summary

### Background

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.

## Facts

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The Corporate Debtor had been subject to prior CIRP proceedings, which were subsequently withdrawn upon settlement.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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## Issues and analysis

### Issue 1: Whether the application is …

**Ratio:** The application was found to be complete as it complied with the requirements of Form 5

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**Reasoning:** The Adjudicating Authority examined the application and found that it contained all the

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**Interpretation:** The Adjudicating Authority interpreted the provisions of Section 9 of the Code

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**Application:** The Adjudicating Authority applied the provisions of Section 9 and Rule 6 to

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## Parties

- **Judges:** SHAMMI…; SANJEEV S…
- **Appellants:** Rajaram Food…; Rajaram Food…
- **Respondents:** Manpasand…
- **Other parties:** Rahul…; Dinesh…; +6 more
- **Advocates:** T. Ravich…; Lavany…; +4 more

## Timeline

- **2019 — Original Company…**: The Applicant originally filed the Company Petition in the year 2019 under Section 9 of…
- **2021-03-09 — Disposal of P…**: The said Petition came to be disposed of on 09.03.2021, as the Corporate Debtor had been…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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