UCO Bank filed a Company Petition against Chhatrapati Agro Food manufacturing Co Ltd under Section 7 of the Insolvency & Bankruptcy Code, 2016. The case was heard by the Mumbai Bench of the National Company Law Tribunal on November 7, 2019. After hearing the arguments of the petitioner's counsel, the NCLT admitted the petition. Mr. Sachin Rajendra Singhavi, holding Registration No. IBBI/IPA-001/IP-P-01289/2018-2019/12066, was appointed as the Interim Resolution Professional (IRP). A detailed judgment is to be issued later. The key fact is the admission of the petition, which triggers the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.

UCO Bank filed a Company Petition against Chhatrapati Agro Food manufacturing Co Ltd under Section 7 of the Insolvency & Bankruptcy Code, 2016. The case was heard by the Mumbai Bench of the National Company Law Tribunal on November 7, 2019. After hearing the arguments of the petitioner's counsel, the NCLT admitted the petition. Mr. Sachin Rajendra Singhavi, holding Registration No. IBBI/IPA-001/IP-P-01289/2018-2019/12066, was appointed as the Interim Resolution Professional (IRP). A detailed judgment is to be issued later. The key fact is the admission of the petition, which triggers the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.