In ABHISHEK SINGH VERSUS HUHTAMAKI PPL LTD. & ANR. – 2023 (3) TMI 1285 – SUPREME COURT, the Corporate Debtor Manpasand Beverage Limited, is manufacturing and distribution of fruit beverages. The respondent No. 1 Huhtamaki PPL Limited (operational creditor) supplied packaging material to the Corporate Debtor. The Operational Creditor filed an application against the Corporate debtor before the Adjudicating Authority for initiation of corporate insolvency resolution process for a total outstanding amount of Rs.1,31,00,825/- The application was admitted by the Adjudicating Authority vide CP (IB) No. 503 of 2019 on 01.03.2021.
On 03.03.2021 i.e., after two days of the admission of the application the Corporate Debtor and Operational Cred…
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