Sumukha Farm Products Private Limited (Operational Creditor/Petitioner) filed a petition under Section 9 of the IBC, 2016, against Stalwart Agronomics Private Limited (Corporate Debtor/Respondent) for defaulting on operational debt. The Corporate Debtor, engaged in trading agricultural products, had approached the Petitioner for supplies in 2018 and executed a dealership agreement. While payments were regular until FY 2022-2023, defaults began from FY 2024-2025. Despite a forewarning on 05.12.2024 and the Petitioner ceasing supplies on 28.02.2025, the Corporate Debtor failed to clear dues. On 20.08.2025, a debt conversion and secured loan agreement was executed, along with a personal guarantee from the directors, acknowledging the debt and agreeing to new payment
…The petition CP(IB)/89(CHE)/2026 was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC).
The petition was filed on 10.04.2026 by Sumukha Farm Products Private Limited, the Operational Creditor/Petitioner.
The petition was filed against Stalwart Agronomics Private Limited, the Corporate Debtor/Respondent, for default in repayment of operational debt.
Stalwart Agronomics Private Limited was incorporated on 20.08.2018 with a paid-up capital of Rs. 14,80,39,000/-.
The Petitioner proposed Ms. Medha Kulkarni as the Interim Resolution Professional (IRP).
The total debt in default was Rs. 7,41,10,905/- as on 20.01.2026, including interest.
The date of default was 20.01.2026.
…Sign in to view the parties.
Stalwart Agronomics Private Limited…
Stalwart Agronomics Private Limited was…
Sumukha Farm Products Private Limited (Operational Creditor/Petitioner) filed a petition under Section 9 of the IBC, 2016, against Stalwart Agronomics Private Limited (Corporate Debtor/Respondent) for defaulting on operational debt. The Corporate Debtor, engaged in trading agricultural products, had approached the Petitioner for supplies in 2018 and executed a dealership agreement. While payments were regular until FY 2022-2023, defaults began from FY 2024-2025. Despite a forewarning on 05.12.2024 and the Petitioner ceasing supplies on 28.02.2025, the Corporate Debtor failed to clear dues. On 20.08.2025, a debt conversion and secured loan agreement was executed, along with a personal guarantee from the directors, acknowledging the debt and agreeing to new payment
…The petition CP(IB)/89(CHE)/2026 was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC).
The petition was filed on 10.04.2026 by Sumukha Farm Products Private Limited, the Operational Creditor/Petitioner.
The petition was filed against Stalwart Agronomics Private Limited, the Corporate Debtor/Respondent, for default in repayment of operational debt.
Stalwart Agronomics Private Limited was incorporated on 20.08.2018 with a paid-up capital of Rs. 14,80,39,000/-.
The Petitioner proposed Ms. Medha Kulkarni as the Interim Resolution Professional (IRP).
The total debt in default was Rs. 7,41,10,905/- as on 20.01.2026, including interest.
The date of default was 20.01.2026.
…Stalwart Agronomics Private Limited…
Stalwart Agronomics Private Limited was…