The case involves an application filed by M/s Shaveta Golden Foods Private Limited (SGFPL), the Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Corporate Applicant was incorporated on 11.11.2013 and is engaged in the business of food processing. The application was filed due to financial difficulties, including adverse climatic conditions, natural calamities, and the impact of demonetization, which affected the business. The State Bank of India is the sole financial creditor. The application was initially found to have several defects, including incomplete information about operational creditors and missing documents. The Corporate Applicant addressed these defects
…M/s Shaveta Golden Foods Private Limited (SGFPL), the Corporate Applicant, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP). SGFPL was incorporated on 11.11.2013 and is involved in food processing. The company faced financial difficulties due to adverse climatic conditions, natural calamities, and demonetization. State Bank of India (SBI) is the sole financial creditor, having extended various financial facilities to SGFPL. The authorized share capital of the Corporate Applicant is ₹10,00,00,000, with an issued, subscribed, and paid-up capital of ₹200,00,000. The application was initially found to be defective, lacking complete information about operational creditors and
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M/s Shaveta Golden…
Special resolution passed in the Extra…
The case involves an application filed by M/s Shaveta Golden Foods Private Limited (SGFPL), the Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Corporate Applicant was incorporated on 11.11.2013 and is engaged in the business of food processing. The application was filed due to financial difficulties, including adverse climatic conditions, natural calamities, and the impact of demonetization, which affected the business. The State Bank of India is the sole financial creditor. The application was initially found to have several defects, including incomplete information about operational creditors and missing documents. The Corporate Applicant addressed these defects
…M/s Shaveta Golden Foods Private Limited (SGFPL), the Corporate Applicant, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP). SGFPL was incorporated on 11.11.2013 and is involved in food processing. The company faced financial difficulties due to adverse climatic conditions, natural calamities, and demonetization. State Bank of India (SBI) is the sole financial creditor, having extended various financial facilities to SGFPL. The authorized share capital of the Corporate Applicant is ₹10,00,00,000, with an issued, subscribed, and paid-up capital of ₹200,00,000. The application was initially found to be defective, lacking complete information about operational creditors and
…M/s Shaveta Golden…
Special resolution passed in the Extra…