# Influx Agrotech Private Limited vs. N/A

> NCLT judgment dated 2026-07-09. Citation: TCN-2026-NCLT-00612. Influx Agrotech Private Limited, the Corporate Applicant, filed a petition under Section 10 of…

- **Court:** NCLT
- **Order date:** 9 Jul 2026
- **Citation:** TCN-2026-NCLT-00612
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/influx-agrotech-private-limited-2doo9

## Summary

### Background

Influx Agrotech Private Limited, the Corporate Applicant, filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate its own Corporate Insolvency Resolution Process (CIRP). The company, incorporated on March 2, 2010, and engaged in manufacturing and trading organic agriculture inputs, has been facing continuous financial difficulties since March 2014, defaulting on VAT, CST, Income Tax, and loans from various creditors, including Tata Capital Housing Finance Limited, Urban Landscape Private Limited, and Tanuja Chamkire. The total financial debt in default aggregates to ₹2,55,31,541/-.

## Facts

Influx Agrotech Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate its own Corporate Insolvency Resolution Process (CIRP).

The Corporate Applicant committed defaults in repayment of its debt obligations and is unable to service its debts.

Influx Agrotech Private Limited is a company incorporated under the Companies Act, 1956, with CIN UO1122PN201OPTC135694, incorporated on 02/03/2010.

The main activity of the company is manufacturing and trading of Organic Agriculture Inputs.

The Authorised Share Capital and Paid-up Share Capital of the Corporate Applicant are both ₹1,00,000/-.

The total financial debt and the amount claimed to be in default aggregates to ₹2,55,31,541/-.

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## Issues and analysis

### Issue 1: Whether the Corporate Applicant has committed a default within the meaning of the Insolvency and …

**Ratio:** The Corporate Debtor's continuous financial difficulties and inability to pay its debts,

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**Reasoning:** The Corporate Debtor defaulted on VAT and CST since March 2014, and continued to default

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**Interpretation:** A 'default' under the IBC is defined as non-payment of debt when the whole or

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**Application:** Influx Agrotech Private Limited's documented history of non-payment of various

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Respondents:** Influx Agrotech…
- **Other parties:** Sanjay Baburao…; Rakesh Dili…; +6 more
- **Advocates:** Shashank Sa…

## Timeline

- **2010-03-02 — Incorporation of…**: Influx Agrotech Private Limited was…
- **2014-03-XX — First De…**: Corporate Debtor first defaulted…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 10 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-10)

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