# Maruti Corporation vs. Sharanam Infraproject and Trading Limited

> NCLT judgment dated 2026-10-07. Citation: TCN-2026-NCLT-01163. Maruti Corporation, a sole proprietorship and Operational Creditor, filed an application under…

- **Court:** NCLT
- **Order date:** 7 Oct 2026
- **Citation:** TCN-2026-NCLT-01163
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/sharanam-infraproject-and-trading-limited-7pxjr

## Summary

### Background

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.

## Facts

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.

…

## Issues and analysis

### Issue 1: Whether the application filed by the Operational Creditor for the debt due is within the period of …

**Ratio:** An application for initiation of Corporate Insolvency Resolution Process (CIRP) under

…

**Reasoning:** The NCLT observed that the applicant had filed the application for the debt due, and it

…

**Interpretation:** The NCLT confirmed that the procedural requirement regarding the timeliness of

…

**Application:** The application was deemed admissible as it met the statutory requirement of

…

## Parties

- **Judges:** Chitra Hankare,…; Velamur G Venkata…
- **Appellants:** Maruti Corporation…; Maruti Corp…
- **Respondents:** Sharanam Infraproj…; M/s.Sharanam…
- **Other parties:** Mr Amrish…
- **Advocates:** Prutha Bh…; V. Pandu Ranga…; +2 more

## Timeline

- **2024-10-22 — Supply Agreem…**: Supply Agreement dated…
- **2024-12-02 — Start of Good…**: Various agricultural products were…

## 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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