The case pertains to an application filed by Alex Thomas, Managing Director of M/s Tierra Food India Private Limited, as a Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against M/s Tierra Food India. The Corporate Debtor was incorporated on 06.11.2009. The Financial Creditor, Kerala State Industrial Development Corporation Limited (KSIDC), had no objection to the admission of the application.
Alex Thomas, Managing Director of M/s Tierra Food India Private Limited, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against the company. M/s Tierra Food India Private Limited, incorporated on 06.11.2009, is the Corporate Debtor. The authorized share capital of the company is ₹5,00,000. The Corporate Debtor's main business involves the purchase, sale, import, export, process, and manufacture of food products. The Corporate Applicant submitted that the total term loan sanctioned was Rupees 64,850 lakhs from KSIDC. The Corporate Debtor defaulted in repayment of Rupees 27.02 Lakhs due from 05.05.2014 to 05.02.2019 of ₹540.40 lakhs and defaulted in payment of interest of
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M/s Tierra Food India…
Special Resolution was…
The case pertains to an application filed by Alex Thomas, Managing Director of M/s Tierra Food India Private Limited, as a Corporate Applicant, under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against M/s Tierra Food India. The Corporate Debtor was incorporated on 06.11.2009. The Financial Creditor, Kerala State Industrial Development Corporation Limited (KSIDC), had no objection to the admission of the application.
Alex Thomas, Managing Director of M/s Tierra Food India Private Limited, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against the company. M/s Tierra Food India Private Limited, incorporated on 06.11.2009, is the Corporate Debtor. The authorized share capital of the company is ₹5,00,000. The Corporate Debtor's main business involves the purchase, sale, import, export, process, and manufacture of food products. The Corporate Applicant submitted that the total term loan sanctioned was Rupees 64,850 lakhs from KSIDC. The Corporate Debtor defaulted in repayment of Rupees 27.02 Lakhs due from 05.05.2014 to 05.02.2019 of ₹540.40 lakhs and defaulted in payment of interest of
…M/s Tierra Food India…
Special Resolution was…