Authority: National Company Law Tribunal (NCLT) Indore Bench Court No. 1
Order Date: 08/06/2026
Case Overview
The application was filed by Excellence Finance Pvt Ltd (Financial Creditor/Applicant) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Satiate Agri Ltd (Corporate Debtor/Respondent). The applicant seeks the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The tribunal admitted the application and issued a notice to the respondent corporate debtor. The applicant is directed to collect the notice from the registry within three days and serve it upon the respondent via registered post/speed post and email within seven days. The respondent is directed to file a reply within two weeks of receiving the notice. Any rejoinder must be filed within seven days after that. The matter is listed for the next hearing on 29.06.2026 for filing the reply and proof of service.
Topics: Insolvency, NCLT, Corporate Debt