M/s Shankar Nutricon Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Ltd., claiming to be an operational creditor. The NCLT admitted the petition on January 24, 2019, declared a moratorium, and appointed Ms. Karuna Sharma as the Interim Resolution Professional. Subsequently, an appeal was filed before the NCLAT. The NCLAT set aside the NCLT's order, disposed of the Section 9 application as withdrawn, and allowed M/s Hygiene Feeds & Farms Private Ltd. to function independently.

M/s Shankar Nutricon Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Ltd., claiming to be an operational creditor. The NCLT admitted the petition on January 24, 2019, declared a moratorium, and appointed Ms. Karuna Sharma as the Interim Resolution Professional. Subsequently, an appeal was filed before the NCLAT. The NCLAT set aside the NCLT's order, disposed of the Section 9 application as withdrawn, and allowed M/s Hygiene Feeds & Farms Private Ltd. to function independently.