NCLAT sets aside two separate NCLT orders admitting Manpasand Beverages into CIRP based on Section 9 petitions from operational creditors.
Tribunal finds pre-existing disputes with Rajaram Foods over supply quality and GST fraud evidence, making insolvency inadmissible.
Second appeal against Tetra-Pak admission is ruled non-est as it was filed during a subsisting moratorium from the first CIRP.
Corporate Debtor is released from CIRP with immediate effect, and both NCLT admission orders are quashed.