# Agrirevolve Trading Private Limited vs. Spright Agro Limited

> NCLT judgment dated 2026-09-24. Citation: TCN-2026-NCLT-01054. Agrirevolve Trading Private Limited (Operational Creditor) filed a petition under Section 9 of…

- **Court:** NCLT
- **Order date:** 24 Sept 2026
- **Citation:** TCN-2026-NCLT-01054
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/agrirevolve-trading-private-limited-vs-spright-agro-limited-z9oau

## Summary

### Background

Agrirevolve Trading Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Spright Agro Limited (Corporate Debtor) for the initiation of Corporate Insolvency Resolution Process (CIRP). The petition claimed a total default amount of Rs. 8,66,48,162.53/-, with the date of default being 15.12.2025. The debt arose from a supply agreement for various agricultural products.

## Facts

Agrirevolve Trading Private Limited (Operational Creditor/Petitioner) filed a petition under Section 9 of the IBC against Spright Agro Limited (Corporate Debtor/Respondent).

The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Spright Agro Limited.

The total amount in default claimed is Rs. 8,66,48,162.53/-.

The date of default is 15.12.2025.

Mr. Rajesh Jasti, CA, was nominated as the Interim Resolution Professional (IRP).

Agrirevolve Trading Private Limited is a Private Limited Company incorporated on 07.08.2024, engaged in trading agricultural products.

Spright Agro Limited is a public limited company.

…

## Issues and analysis

### Issue 1: Whether the petition filed by Agrirevolve Trading Private Limited under Section 9 of the IBC for …

**Ratio:** A petition under Section 9 of the IBC for initiation of CIRP is admissible if an

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**Reasoning:** The Operational Creditor successfully demonstrated the existence of an operational debt

…

**Interpretation:** Section 9 of the IBC allows an operational creditor to initiate CIRP upon

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**Application:** The NCLT found that Agrirevolve Trading Private Limited, as the Operational

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Agrirevolve…
- **Respondents:** Spright Agro…
- **Other parties:** Nileshbhai…; Rajesh…
- **Advocates:** Prutha Bh…; Rajiv C…

## Timeline

- **2025-10-18 — Supply Agr…**: Operational Creditor and Corporate…
- **2025-11-15 — Start of Good…**: Goods were regularly supplied to the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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