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 default amount claimed is Rs. 8,66,48,162.53/-, arising from a supply agreement for agricultural products. The Corporate Debtor issued post-dated cheques which were not honored and admitted the principal debt but disputed the 18% per annum interest.
Agrirevolve Trading Private Limited (Operational Creditor) 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 claimed by the Operational Creditor is Rs. 8,66,48,162.53/-, with the date of default being 15.12.2025.
The Operational Creditor nominated Mr. Rajesh Jasti, CA, as the Interim Resolution Professional (IRP).
The Operational Creditor is a Private Limited Company incorporated on 07.08.2024, engaged in trading agriculture products, and the Corporate Debtor is a public limited company.
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Operational Creditor and Corporate Debtor…
Operational Creditor…
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 default amount claimed is Rs. 8,66,48,162.53/-, arising from a supply agreement for agricultural products. The Corporate Debtor issued post-dated cheques which were not honored and admitted the principal debt but disputed the 18% per annum interest.
Agrirevolve Trading Private Limited (Operational Creditor) 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 claimed by the Operational Creditor is Rs. 8,66,48,162.53/-, with the date of default being 15.12.2025.
The Operational Creditor nominated Mr. Rajesh Jasti, CA, as the Interim Resolution Professional (IRP).
The Operational Creditor is a Private Limited Company incorporated on 07.08.2024, engaged in trading agriculture products, and the Corporate Debtor is a public limited company.
…Operational Creditor and Corporate Debtor…
Operational Creditor…