The case involves an application filed by Mr. Atul Sheth, the Resolution Professional of M/s. Captivate Foods Pvt. Ltd. ('Corporate Debtor'), under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process ('CIRP') was initiated following an application filed by Givaudan (India) Pvt. Ltd. under Section 9 of the Code. The Adjudicating Authority admitted the application on 25.04.2022 and appointed the Applicant as the Interim Resolution Professional ('IRP'). Public announcement was made on 01.05.2022, and claims were invited. The Committee of Creditors (CoC), comprising Bank of India, was constituted. In the first CoC meeting on 25.05.2022, the IRP was confirmed as Resolution
…Givaudan (India) Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Captivate Foods Private Limited ('Corporate Debtor'). The Adjudicating Authority admitted the application on 25.04.2022 and appointed Mr. Atul Sheth as the Interim Resolution Professional (IRP). A public announcement was made on 01.05.2022, inviting claims. The Committee of Creditors (CoC) was formed, consisting of Bank of India. In the first CoC meeting on 25.05.2022, Mr. Atul Sheth was confirmed as the Resolution Professional (RP). The RP apprised the CoC that the Corporate Debtor had no assets, and the suspended Directors had absconded with all assets, including Plant & Machinery.
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The case involves an application filed by Mr. Atul Sheth, the Resolution Professional of M/s. Captivate Foods Pvt. Ltd. ('Corporate Debtor'), under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process ('CIRP') was initiated following an application filed by Givaudan (India) Pvt. Ltd. under Section 9 of the Code. The Adjudicating Authority admitted the application on 25.04.2022 and appointed the Applicant as the Interim Resolution Professional ('IRP'). Public announcement was made on 01.05.2022, and claims were invited. The Committee of Creditors (CoC), comprising Bank of India, was constituted. In the first CoC meeting on 25.05.2022, the IRP was confirmed as Resolution
…Givaudan (India) Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Captivate Foods Private Limited ('Corporate Debtor'). The Adjudicating Authority admitted the application on 25.04.2022 and appointed Mr. Atul Sheth as the Interim Resolution Professional (IRP). A public announcement was made on 01.05.2022, inviting claims. The Committee of Creditors (CoC) was formed, consisting of Bank of India. In the first CoC meeting on 25.05.2022, Mr. Atul Sheth was confirmed as the Resolution Professional (RP). The RP apprised the CoC that the Corporate Debtor had no assets, and the suspended Directors had absconded with all assets, including Plant & Machinery.
…The Adjudicating Authority admitted the…
The applicant made the…