The case involves an application filed by Muhamed Sameer, the Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Kaula Agro Foods Private Limited, the Corporate Debtor. The Corporate Debtor's financial condition has deteriorated, leading to a debt trap, and the application aims to ensure the maximum value of assets for all stakeholders. The Corporate Debtor was incorporated on 18.02.2008 and its registered office is located in Kerala.
Muhamed Sameer, as the Corporate Applicant, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kaula Agro Foods Private Limited, the Corporate Debtor. The Corporate Debtor was incorporated on February 18, 2008, with its registered office in Kerala. The application was authorized by a special resolution dated October 9, 2019. The authorized share capital of the company is ₹5,00,00,000, divided into 50,00,000 equity shares of ₹10 each, and the paid-up capital is ₹4,50,00,000. The Corporate Debtor's main business involves manufacturing, trading, and processing food items. The Corporate Applicant claimed a financial debt of ₹4,71,79,934.44 and an operational debt of
…Sign in to view the parties.
Kaula Agro Foods…
Special Resolution…
The case involves an application filed by Muhamed Sameer, the Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Kaula Agro Foods Private Limited, the Corporate Debtor. The Corporate Debtor's financial condition has deteriorated, leading to a debt trap, and the application aims to ensure the maximum value of assets for all stakeholders. The Corporate Debtor was incorporated on 18.02.2008 and its registered office is located in Kerala.
Muhamed Sameer, as the Corporate Applicant, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kaula Agro Foods Private Limited, the Corporate Debtor. The Corporate Debtor was incorporated on February 18, 2008, with its registered office in Kerala. The application was authorized by a special resolution dated October 9, 2019. The authorized share capital of the company is ₹5,00,00,000, divided into 50,00,000 equity shares of ₹10 each, and the paid-up capital is ₹4,50,00,000. The Corporate Debtor's main business involves manufacturing, trading, and processing food items. The Corporate Applicant claimed a financial debt of ₹4,71,79,934.44 and an operational debt of
…Kaula Agro Foods…
Special Resolution…