EoI for Xalta Food and Beverages invited by Oct 7

The corporate insolvency resolution process (CIRP) for Xalta Food and Beverages Private Limited has entered a significant phase with the invitation of Expression of Interest (EoI) from potential buyers. The resolution professional, Mr. Naveen Kumar Jain, has issued a public announcement (Form G) seeking eligible resolution applicants to submit their bids for the debt-ridden company by October 7, 2025.

The Company and the Opportunity

As per the details disclosed in the Form G, Xalta Food and Beverages Private Limited (CIN: U15122DL2015PTC276479) is a Delhi-based company with its manufacturing plant located in Hapur, Uttar Pradesh.

The company boasts significant infrastructure in the food and beverage sector, including:

• Two CSD (Carbonated Soft Drink) lines with a capacity of 450 bottles per minute (BPM) each.
• One juice line with a capacity of 533 BPM.
• One CFD (presumably a different beverage line) with a capacity of 1350 BPM.

The company had reported substantial sales, with audited financials for FY18 showing revenue of ₹199 crores, indicating it was once a sizable operation.

The Road Ahead for Bidders

The resolution professional has outlined a clear timeline for the submission of resolution plans:

• Last date for EoI: October 7, 2025
• Provisional list of applicants: October 17, 2025
• Final list of applicants: November 1, 2025
• Submission of resolution plans: December 6, 2025

Interested parties can obtain further details, including financial statements and eligibility criteria, by contacting the process email ID: rp.xalta@gmail.com.

Background of the Insolvency

The journey to insolvency for Xalta Food and Beverages began over seven years ago. The National Company Law Tribunal (NCLT), New Delhi Bench, admitted the company into the Corporate Insolvency Resolution Process (CIRP) on July 25, 2018.

The case was initiated by an operational creditor, Super Print Services, a sole proprietorship of Mr. Nand Kishor Gautam. The printing firm had supplied various promotional materials like posters, umbrellas, banners, and T-shirts to Xalta on a continuous basis. Despite raising invoices totaling over ₹5.65 lakhs between December 2016 and February 2018, their payments remained outstanding.

After repeated follow-ups, Xalta Food and Beverages formally admitted its liability and confirmed the debt. Following the mandatory legal procedure, a demand notice was served under the Insolvency and Bankruptcy Code (IBC) in May 2018. With the corporate debtor failing to pay and openly admitting its inability to liquidate the dues due to a “financial crunch” before the NCLT, the tribunal ruled in favour of the operational creditor.

The NCLT bench, comprising Member (Judicial) Smt. Ina Malhotra and Member (Technical) Smt. Deepa Krishan, admitted the petition and declared an immediate moratorium on the company. Mr. Naveen Kumar Jain was appointed as the Interim Resolution Professional (IRP) to manage the company’s affairs and oversee the resolution process.

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