Excellence Finance Private Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Satiate Agri Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The petition was filed due to a default in repayment of a financial debt aggregating to Rs. 6,27,09,615/-, including interest, as of March 31, 2026. The debt originated from two loan facilities totaling Rs. 6,00,00,000/-, secured by a pledge of shares of Aadi Chemtrade Limited.
Excellence Finance Private Limited (Applicant/Financial Creditor) filed a petition under Section 7 of the IBC against Satiate Agri Limited (Respondent/Corporate Debtor).
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) due to a default in repayment of a financial debt.
The total financial debt aggregates to Rs. 6,27,09,615/-, inclusive of interest, as on the date of default, March 31, 2026.
Excellence Finance Private Limited is a private company incorporated on June 9, 2007, under the Companies Act, 1956.
The application was filed and verified through Mr. Rameshwar Raut, Director of Excellence Finance Private Limited, authorized by a Board Resolution dated May 20, 2026.
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Loan Agreement for Rs.…
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Excellence Finance Private Limited (Financial Creditor) filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Satiate Agri Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The petition was filed due to a default in repayment of a financial debt aggregating to Rs. 6,27,09,615/-, including interest, as of March 31, 2026. The debt originated from two loan facilities totaling Rs. 6,00,00,000/-, secured by a pledge of shares of Aadi Chemtrade Limited.
Excellence Finance Private Limited (Applicant/Financial Creditor) filed a petition under Section 7 of the IBC against Satiate Agri Limited (Respondent/Corporate Debtor).
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) due to a default in repayment of a financial debt.
The total financial debt aggregates to Rs. 6,27,09,615/-, inclusive of interest, as on the date of default, March 31, 2026.
Excellence Finance Private Limited is a private company incorporated on June 9, 2007, under the Companies Act, 1956.
The application was filed and verified through Mr. Rameshwar Raut, Director of Excellence Finance Private Limited, authorized by a Board Resolution dated May 20, 2026.
…Loan Agreement for Rs.…
Disbursement of the…