# M/s. Harbhole Agrotech vs. Evoq Remedies Limited

> NCLT judgment dated 2026-06-09. Citation: TCN-2026-NCLT-00558. M/s. Harbhole Agrotech, an Operational Creditor, filed a Company Petition under Section 9 of…

- **Court:** NCLT
- **Order date:** 9 Jun 2026
- **Citation:** TCN-2026-NCLT-00558
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/ms-harbhole-agrotech-vs-evoq-remedies-limited-uethv

## Summary

### Background

M/s. Harbhole Agrotech, an Operational Creditor, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Evoq Remedies Limited, the Corporate Debtor. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to an operational debt of Rs. 1,95,00,000/-, which arose from the Corporate Debtor's failure to supply goods or refund advance payments made by the Operational Creditor.

## Facts

A Company Petition (CP (IB) No.149/9/AHM/2026) was filed on 20.04.2026 by M/s. Harbhole Agrotech (Applicant/Operational Creditor) against Evoq Remedies Limited (Respondent/Corporate Debtor).

The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP).

The operational debt claimed is Rs. 1,95,00,000/- arising from non-refund of an advance amount paid towards the supply of goods.

M/s. Harbhole Agrotech is a proprietorship concern registered under Udyam Registration No. UDYAM-HR-14-001582 dated 06.08.2021.

Evoq Remedies Limited is a public company incorporated on 24.02.2010.

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## Issues and analysis

### Issue 1: Whether there exists an operational debt …

**Ratio:** The existence of a purchase order, its acceptance, and acknowledgements of advance

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**Reasoning:** The documents on record, including the purchase order, e-mail acceptance, and

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**Interpretation:** The NCLT interpreted the submitted evidence as conclusive proof of a valid

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**Application:** Based on the evidence, the NCLT concluded that an operational debt of Rs.

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## Parties

- **Judges:** SH. SHAMM…; SANJEEV S…
- **Appellants:** M/s. Harbhole…
- **Respondents:** Evoq Remedies…
- **Other parties:** Committee of…; Dipti Narayan…; +1 more
- **Advocates:** Mahendra…

## Timeline

- **2010-02-24 — Incorporation of…**: Evoq Remedies Limited was…
- **2025-04-25 — Purchase Order and…**: Operational Creditor placed Purchase Order No.26 for FSG Castor Oil, which the Corporate…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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