ORDER

1. This Company Petition has been filed by Punjab National Bank (“Financial Creditor”), seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Shree Uttam Food Products Private Limited (“Corporate Debtor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for having committed a default in payment of its outstanding debts amounting Rs.23,91,36,802/- as on 31st January, 2024 and penal interest.

The date of default is stated to be 04.01.2020.

2. Perusal of Part-I of the Form-1 indicates that the Financial Creditor is a Bank/ Financial Institution. The Head office of the Financial Creditor is situated at Plot No. 4, Sector 10, Dwarka, New Delhi-110075. This petition has been filed through Chief Manager Shri Rajesh Kumar Thakur, who has been authorised by Power of Attorney dated 27.12.2011(Annexure-A3).

3. Perusal of Part-II of the Form-1 indicates that the Corporate Debtor is one M/s Shree Uttam Food Products (India) Private Limited having CIN No. U15400MP2012PTC029466. The registered office of the Corporate Debtor is situated at Flat No. 1 Ban