The document pertains to the Corporate Insolvency Resolution Process (CIRP) of Capricorn Food Products India Limited. The CIRP was initiated by the National Company Law Tribunal (NCLT) based on an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, by Raasa Foods Private Limited. The Resolution Professional (RP) was appointed and a public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was constituted, comprising eleven members. Several meetings of the CoC were conducted to discuss the resolution plan. The ex-promoter of the Corporate Debtor challenged the approval of the Resolution Plan. The Tribunal directed the RP to convene a CoC meeting and allowed prospective resolution applicants to revise
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Capricorn Food Products India Limited following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, by Raasa Foods Private Limited. J. Karthiga was appointed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors, leading to the formation of a Committee of Creditors (CoC) with eleven members. The RP conducted forty-one meetings of the CoC. Multiple invitations for Expression of Interest (EoI) were issued, and several resolution applicants showed interest. The promoters, Rahoul Jain and Suchi Jain, submitted an EoI, which was initially rejected but later accepted based on a Tribunal order. Mantra Industries submitted a
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Corporate Insolvency…
Public announcement…
The document pertains to the Corporate Insolvency Resolution Process (CIRP) of Capricorn Food Products India Limited. The CIRP was initiated by the National Company Law Tribunal (NCLT) based on an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, by Raasa Foods Private Limited. The Resolution Professional (RP) was appointed and a public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was constituted, comprising eleven members. Several meetings of the CoC were conducted to discuss the resolution plan. The ex-promoter of the Corporate Debtor challenged the approval of the Resolution Plan. The Tribunal directed the RP to convene a CoC meeting and allowed prospective resolution applicants to revise
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Capricorn Food Products India Limited following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, by Raasa Foods Private Limited. J. Karthiga was appointed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors, leading to the formation of a Committee of Creditors (CoC) with eleven members. The RP conducted forty-one meetings of the CoC. Multiple invitations for Expression of Interest (EoI) were issued, and several resolution applicants showed interest. The promoters, Rahoul Jain and Suchi Jain, submitted an EoI, which was initially rejected but later accepted based on a Tribunal order. Mantra Industries submitted a
…Corporate Insolvency…
Public announcement…