Maruti Corporation, a sole proprietorship and Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Sharanam Infraproject And Trading Limited, the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application was based on an outstanding operational debt of Rs. 10,35,00,710.00/-, including interest, for agricultural products supplied between 02.12.2024 and 24.12.2024. The Corporate Debtor had acknowledged the debt via a letter dated 25.12.2025 but cited liquidity constraints and requested the Operational Creditor not to deposit the post-dated cheques issued.
Maruti Corporation, a sole proprietorship, filed an application under Section 9 of the IBC against Sharanam Infraproject And Trading Limited.
The application seeks initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The claimed default amount is Rs.10,35,00,710.00/-, including interest.
The debt arose from the supply of agricultural products by Maruti Corporation to Sharanam Infraproject And Trading Limited between 02.12.2024 to 24.12.2024.
The date of default is stated to be 24.12.2024.
A Supply Agreement was executed between the parties on 22.10.2024.
Invoices were raised for each consignment of goods supplied.
The Corporate Debtor issued post-dated cheques towards the outstanding dues.
…Sign in to view the parties.
Supply Agreeme…
Various agricultural…
Maruti Corporation, a sole proprietorship and Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Sharanam Infraproject And Trading Limited, the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application was based on an outstanding operational debt of Rs. 10,35,00,710.00/-, including interest, for agricultural products supplied between 02.12.2024 and 24.12.2024. The Corporate Debtor had acknowledged the debt via a letter dated 25.12.2025 but cited liquidity constraints and requested the Operational Creditor not to deposit the post-dated cheques issued.
Maruti Corporation, a sole proprietorship, filed an application under Section 9 of the IBC against Sharanam Infraproject And Trading Limited.
The application seeks initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The claimed default amount is Rs.10,35,00,710.00/-, including interest.
The debt arose from the supply of agricultural products by Maruti Corporation to Sharanam Infraproject And Trading Limited between 02.12.2024 to 24.12.2024.
The date of default is stated to be 24.12.2024.
A Supply Agreement was executed between the parties on 22.10.2024.
Invoices were raised for each consignment of goods supplied.
The Corporate Debtor issued post-dated cheques towards the outstanding dues.
…Supply Agreeme…
Various agricultural…