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Bankruptcy court admits insolvency plea against listed beverage firm Manpasand Beverages

Synopsis
The company has said in its stock exchange announcement on March 9 that, as per Section 17 of the IBC, the powers of the Board of Directors of the Corporate Debtor stand suspended and such powers shall be-vested with its IRP, Arpan Maheshkumar Shah.
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The dedicated bankruptcy court has admitted the Corporate Insolvency Resolution Process (CIRP) against BSE-listed
“It is made clear that all personnel connected with Corporate Debtor (Manpasand Beverages), its promoter or any other person associated with management of the corporate debtor are under a legal obligation under Section 19 of the Code extend every assistance and cooperation to the Interim Resolution Professional,” said the bench in its order of March 1. ....

Virendra Kumar Gupta , Madan Bhalachandra Gosavi , Arpan Maheshkumar Shah , National Company Law Tribunal , Corporate Insolvency Resolution Process , Interim Resolution Professional , Corporate Debtor , Manpasand Beverages , Arpan Maheshkumar , Manpasand Beverages Ltd , Huhtamaki Ppl , வீரேந்திர குமார் குப்தா , அர்பன் மகேஷ்குமார் ஷா , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , பெருநிறுவன நொடித்துப்போனது தீர்மானம் ப்ரோஸெஸ் , இடைக்கால தீர்மானம் ப்ரொஃபெஶநல் , பெருநிறுவன கடனாளி , மண்பசண்த் பானங்கள் , அர்பன் மகேஷ்குமார் , மண்பசண்த் பானங்கள் லிமிடெட் , ஹுஹிதாமாகி ப்ல் ,

Manpasand Beverages Ltd: Bankruptcy court admits insolvency plea against listed beverage firm Manpasand Beverages

The dedicated bankruptcy court has admitted the Corporate Insolvency Resolution Process (CIRP) against BSE-listed
“It is made clear that all personnel connected with Corporate Debtor (Manpasand Beverages), its promoter or any other person associated with management of the corporate debtor are under a legal obligation under Section 19 of the Code extend every assistance and cooperation to the Interim Resolution Professional,” said the bench in its order of March 1.
The company has said in its stock exchange announcement on March 9 that, as per Section 17 of the IBC, the powers of the Board of Directors of the Corporate Debtor stand suspended and such powers shall be-vested with its IRP, Arpan Maheshkumar Shah. ....

Virendra Kumar Gupta , Madan Bhalachandra Gosavi , Arpan Maheshkumar Shah , National Company Law Tribunal , Corporate Insolvency Resolution Process , Interim Resolution Professional , Corporate Debtor , Manpasand Beverages , Arpan Maheshkumar , Manpasand Beverages Ltd , Huhtamaki Ppl , வீரேந்திர குமார் குப்தா , அர்பன் மகேஷ்குமார் ஷா , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , பெருநிறுவன நொடித்துப்போனது தீர்மானம் ப்ரோஸெஸ் , இடைக்கால தீர்மானம் ப்ரொஃபெஶநல் , பெருநிறுவன கடனாளி , மண்பசண்த் பானங்கள் , அர்பன் மகேஷ்குமார் , மண்பசண்த் பானங்கள் லிமிடெட் , ஹுஹிதாமாகி ப்ல் ,

Big Story | IPO lessons for investors - The Hindu BusinessLine

Big Story | IPO lessons for investors
Keerthi Sanagasetti
BL Research Bureau |
Updated on
February 20, 2021
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With initial public offerings galore, we give you a cheat sheet to score some good grades
With the stock markets on fire, it’s been raining IPOs in the past few months. About 14 initial public offerings were made in the second half of 2020, collectively raising ₹16,272 crore. Just short of two months into 2021, as many as five IPOs have hit the market and many more are in the pipeline. In most issues, retail investors have joined the IPO bandwagon by the droves, going by the subscription numbers. ....

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Manpasand Beverages reports standalone net loss of Rs 26.67 crore in the December 2020 quarter

Read more about Manpasand Beverages reports standalone net loss of Rs 26.67 crore in the December 2020 quarter on Business Standard. Sales decline 82.61% to Rs 0.04 crore ....

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