# In the matter of Sriya Farms and Feeds Private Limited

> NCLT judgment dated 2026-03-17. Citation: TCN-2026-NCLT-00240. The Company Petition bearing C.P (IB) No. 155/BB/2024 was filed under Section 9 of IBC by Arun…

- **Court:** NCLT
- **Order date:** 17 Mar 2026
- **Citation:** TCN-2026-NCLT-00240
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/sriya-farms-and-feeds-private-limited-9becc4e6

## Summary

### Background

The Company Petition bearing C.P (IB) No. 155/BB/2024 was filed under Section 9 of IBC by Arun Vet Pro Pvt. Ltd. to initiate CIRP against Sriya Farms & Feeds Pvt. Ltd.

## Facts

Arun Vet Pro Pvt. Ltd. filed a petition under Section 9 of IBC to initiate CIRP against Sriya Farms & Feeds Pvt. Ltd.

The petition was admitted on 22.10.2024, and Mr. Madhugiri Venkatarayappa Sudarshan was appointed as the Interim Resolution Professional.

The CoC did not confirm the appointment of any Resolution Professional in its first meeting.

The Resolution Professional invited claims from the creditors and constituted the Committee of Creditors.

The total admitted claim amount was ₹89.48 Crores from Financial Creditors and ₹172.65 Crores across all categories of creditors.

In the 6th meeting, the CoC resolved to appoint Mr. Mahalingam Suresh Kumar as the Resolution Professional.

…

## Issues and analysis

### Issue 1: Whether the application for …

**Ratio:** Section 33(2) of the

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**Reasoning:** The Committee of Creditors resolved to liquidate the Corporate Debtor with 81.01% voting

…

**Interpretation:** Upon fulfillment of the conditions stipulated under Section 33(2) of the IBC,

…

**Application:** The Tribunal allowed the

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** Arun Vet Pro Pvt.…; Madhugiri…
- **Respondents:** Sriya Farms &…
- **Other parties:** Union Bank of…; HDFC Bank…; +3 more

## Timeline

- **2024-10-22 — Admission of…**: The petition filed by Arun Vet Pro Pvt. Ltd. was admitted, and Mr. Madhugiri…
- **2025-04-15 — 6th Meeting…**: The CoC resolved to appoint Mr. Mahalingam…

## 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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