The case involves an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of Captivate Foods Private Limited. Givaudan (India) Pvt. Ltd. had filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application on 25.04.2022 and appointed an Interim Resolution Professional (IRP). The applicant made a public announcement on 01.05.2022 and constituted a Committee of Creditors (CoC) with Bank of India as the sole financial creditor. In the first CoC meeting on 25.05.2022, the IRP was confirmed as the Resolution Professional (RP).
Givaudan (India) Pvt. Ltd. initiated CIRP against Captivate Foods Private Limited under Section 9 of the IBC. The Adjudicating Authority admitted the application on 2022-04-25 and appointed an Interim Resolution Professional (IRP). The IRP made a public announcement on 2022-05-01 and constituted a Committee of Creditors (CoC) with Bank of India as the sole financial creditor. During the first CoC meeting on 2022-05-25, the IRP was confirmed as the Resolution Professional (RP). The RP informed the CoC that the Corporate Debtor had no assets, and its directors had absconded with all assets, including plant and machinery financed by Bank of India. Consequently, the CoC decided not to invite resolution plans and instead opted for early liquidation and dissolution of the
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The case involves an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of Captivate Foods Private Limited. Givaudan (India) Pvt. Ltd. had filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application on 25.04.2022 and appointed an Interim Resolution Professional (IRP). The applicant made a public announcement on 01.05.2022 and constituted a Committee of Creditors (CoC) with Bank of India as the sole financial creditor. In the first CoC meeting on 25.05.2022, the IRP was confirmed as the Resolution Professional (RP).
Givaudan (India) Pvt. Ltd. initiated CIRP against Captivate Foods Private Limited under Section 9 of the IBC. The Adjudicating Authority admitted the application on 2022-04-25 and appointed an Interim Resolution Professional (IRP). The IRP made a public announcement on 2022-05-01 and constituted a Committee of Creditors (CoC) with Bank of India as the sole financial creditor. During the first CoC meeting on 2022-05-25, the IRP was confirmed as the Resolution Professional (RP). The RP informed the CoC that the Corporate Debtor had no assets, and its directors had absconded with all assets, including plant and machinery financed by Bank of India. Consequently, the CoC decided not to invite resolution plans and instead opted for early liquidation and dissolution of the
…The Adjudicating Authority admitted the…
The applicant made the…