Elevation Capital-backed beverage firm runs out of juice, enters bankruptcy

A Finnish packaging materials maker has pushed a Vadodara-based fruit juice maker into bankruptcy. Huhtamaki Oyj has dragged Manpasand Beverages Ltd into bankruptcy over failure to pay Rs 1.3 crore for the packaging materials it supplied to the juice maker.  Elevation Capital (previously SAIF Partners) is the juice maker’s biggest institutional shareholder ......