NCLT Jaipur admits Section 9 IBC petition against Artlay Agritech for operational debt default of ₹1.93 crore.
Corporate Debtor admitted debt but alleged inferior goods quality; Tribunal found no pre-existing dispute evidence.
CIRP initiated with Mr. Sudhir Bhansali appointed as IRP; moratorium imposed and management suspended.
Petitioner directed to pay ₹1 lakh advance to IRP; corporate debtor's board must cooperate with resolution process.