The case involves an application (IA No. 172 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against Delecto Foods Private Limited. The CIRP was initiated based on a petition (CP (IB) No.450/9/HDB/2019) admitted by the Adjudicating Authority on 05.02.2020. Mr. Chillale Rajesh was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 10.02.2020 to invite claims from creditors. The application seeks the withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Delecto Foods Private Limited based on CP (IB) No.450/9/HDB/2019, which was admitted on 05.02.2020. Mr. Chillale Rajesh was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 10.02.2020, setting 21.02.2020 as the last date for submitting claims. However, no claims were received from creditors by 23.02.2020. The Operational Creditor, M/s. Jupiter Food Products Private Limited, submitted Form FA for withdrawal of the CIRP. The Committee of Creditors (CoC) was not constituted. The Operational Creditor bore all the estimated expenses incurred towards the Insolvency Resolution Process, amounting to Rs.4,75,000/-. The Director of the Corporate Debtor expressed the
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Company Petition (CP…
The Adjudicating…
The case involves an application (IA No. 172 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against Delecto Foods Private Limited. The CIRP was initiated based on a petition (CP (IB) No.450/9/HDB/2019) admitted by the Adjudicating Authority on 05.02.2020. Mr. Chillale Rajesh was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 10.02.2020 to invite claims from creditors. The application seeks the withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Delecto Foods Private Limited based on CP (IB) No.450/9/HDB/2019, which was admitted on 05.02.2020. Mr. Chillale Rajesh was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 10.02.2020, setting 21.02.2020 as the last date for submitting claims. However, no claims were received from creditors by 23.02.2020. The Operational Creditor, M/s. Jupiter Food Products Private Limited, submitted Form FA for withdrawal of the CIRP. The Committee of Creditors (CoC) was not constituted. The Operational Creditor bore all the estimated expenses incurred towards the Insolvency Resolution Process, amounting to Rs.4,75,000/-. The Director of the Corporate Debtor expressed the
…Company Petition (CP…
The Adjudicating…