The case involves a petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 by HDFC Bank Limited against Nvento Foods Technologies Private Limited. The petition was admitted on 23.08.2017. Initially, Mr. Sanjay Kumar Lunkad was appointed as the Interim Resolution Professional (IRP), but his registration expired. Subsequently, Mr. Rajeev Mannadiar was appointed as IRP and later confirmed as Resolution Professional (RP). During the Corporate Insolvency Resolution Process (CIRP), several Committee of Creditors (CoC) meetings were held to discuss the company's financial status, potential resolution plans, and other related matters. The directors of the company did not cooperate in providing the necessary documents. Ultimately, no resolution plan was
…HDFC Bank Limited filed a petition under Section 7 of the Insolvency & Bankruptcy Code, 2016 against Nvento Foods Technologies Private Limited for an outstanding financial debt of ₹20 Lakhs. Mr. Sanjay Kumar Lunkad was initially appointed as IRP, but his registration expired. Mr. Rajeev Mannadiar was then appointed as IRP and later confirmed as RP. During the CIRP, the company's ex-director, Mr. Ratish Shete, expressed willingness to pledge personal assets for additional loan facilities. He also stated that his name appeared as a 'defaulter' in CIBIL. The VAT authority had frozen the company's current account. Two valuers were appointed to assess the company's assets. The Committee of Creditors (CoC) held several meetings to discuss the company's financial status
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HDFC Bank Limited's…
Mr. Rajeev Mannadiar…
The case involves a petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 by HDFC Bank Limited against Nvento Foods Technologies Private Limited. The petition was admitted on 23.08.2017. Initially, Mr. Sanjay Kumar Lunkad was appointed as the Interim Resolution Professional (IRP), but his registration expired. Subsequently, Mr. Rajeev Mannadiar was appointed as IRP and later confirmed as Resolution Professional (RP). During the Corporate Insolvency Resolution Process (CIRP), several Committee of Creditors (CoC) meetings were held to discuss the company's financial status, potential resolution plans, and other related matters. The directors of the company did not cooperate in providing the necessary documents. Ultimately, no resolution plan was
…HDFC Bank Limited filed a petition under Section 7 of the Insolvency & Bankruptcy Code, 2016 against Nvento Foods Technologies Private Limited for an outstanding financial debt of ₹20 Lakhs. Mr. Sanjay Kumar Lunkad was initially appointed as IRP, but his registration expired. Mr. Rajeev Mannadiar was then appointed as IRP and later confirmed as RP. During the CIRP, the company's ex-director, Mr. Ratish Shete, expressed willingness to pledge personal assets for additional loan facilities. He also stated that his name appeared as a 'defaulter' in CIBIL. The VAT authority had frozen the company's current account. Two valuers were appointed to assess the company's assets. The Committee of Creditors (CoC) held several meetings to discuss the company's financial status
…HDFC Bank Limited's…
Mr. Rajeev Mannadiar…