Agrirevolve Trading Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Spright Agro Limited (Corporate Debtor). The Operational Creditor claimed a total default amount of Rs. 8,66,48,162.53/-, with the date of default being 15.12.2025. The default arose from a supply agreement dated 18.10.2025 for agricultural products, where the Corporate Debtor failed to honor post-dated cheques and admitted its inability to pay the outstanding amount, though it disputed the 18% p.a. interest claim.
Agrirevolve Trading Private Limited (Operational Creditor/Petitioner) filed a petition under Section 9 of the IBC, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP) against Spright Agro Limited (Corporate Debtor).
The total amount in default is Rs. 8,66,48,162.53/-.
The date of default is 15.12.2025.
The Operational Creditor nominated Mr. Rajesh Jasti, CA (Registration No. IBBI/IPA-02317/2020-2021/13469), to act as Interim Resolution Professional (IRP) and filed his written communication.
The Petitioner/Operational Creditor is a Private Limited Company incorporated on 07.08.2024, engaged in trading agriculture and ancillary products.
The Corporate Debtor is a public limited company.
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Operational Creditor…
Goods were regularly…
Agrirevolve Trading Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Spright Agro Limited (Corporate Debtor). The Operational Creditor claimed a total default amount of Rs. 8,66,48,162.53/-, with the date of default being 15.12.2025. The default arose from a supply agreement dated 18.10.2025 for agricultural products, where the Corporate Debtor failed to honor post-dated cheques and admitted its inability to pay the outstanding amount, though it disputed the 18% p.a. interest claim.
Agrirevolve Trading Private Limited (Operational Creditor/Petitioner) filed a petition under Section 9 of the IBC, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP) against Spright Agro Limited (Corporate Debtor).
The total amount in default is Rs. 8,66,48,162.53/-.
The date of default is 15.12.2025.
The Operational Creditor nominated Mr. Rajesh Jasti, CA (Registration No. IBBI/IPA-02317/2020-2021/13469), to act as Interim Resolution Professional (IRP) and filed his written communication.
The Petitioner/Operational Creditor is a Private Limited Company incorporated on 07.08.2024, engaged in trading agriculture and ancillary products.
The Corporate Debtor is a public limited company.
…Operational Creditor…
Goods were regularly…