The matter was taken up on VC, with counsel present for both sides. The debt and default pleaded by the Petitioner were admitted. The Corporate Debtor Company was unable to repay the debt. The Company Petition was allowed based on the admission.
Pentaaleon Packaging LLP filed a company petition against Himadri Foods Limited. The court took up the matter on VC, with counsel present for both sides. The debt and default pleaded by the Petitioner were admitted by both sides. The Corporate Debtor Company, Himadri Foods Limited, was not in a position to repay the debt. The court admitted the company petition and initiated the Corporate Insolvency Resolution Process (CIRP). Mr. Ramchandra Dallaram Choudhary was appointed as the Interim Resolution Professional (IRP). A moratorium was declared under Section 14 of the Code.
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Order issued by the…
Corporate Insolvency…
The matter was taken up on VC, with counsel present for both sides. The debt and default pleaded by the Petitioner were admitted. The Corporate Debtor Company was unable to repay the debt. The Company Petition was allowed based on the admission.
Pentaaleon Packaging LLP filed a company petition against Himadri Foods Limited. The court took up the matter on VC, with counsel present for both sides. The debt and default pleaded by the Petitioner were admitted by both sides. The Corporate Debtor Company, Himadri Foods Limited, was not in a position to repay the debt. The court admitted the company petition and initiated the Corporate Insolvency Resolution Process (CIRP). Mr. Ramchandra Dallaram Choudhary was appointed as the Interim Resolution Professional (IRP). A moratorium was declared under Section 14 of the Code.
Order issued by the…
Corporate Insolvency…