NewsStocksSatiate Agri Limited Faces NCLT Application for Corporate Insolvency Resolution ProcessSatiate Agri Limited Faces NCLT Application for Corporate Insolvency Resolution Process
Satiate Agri Limited has received NCLT notice regarding Corporate Insolvency Resolution Process application filed by financial creditor Colama Commercial Co Ltd under Section 7 of IBC 2016. The case was heard on January 5, 2026, with next hearing scheduled for February 18, 2026. The company states it is prepared to defend the matter legally.
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Satiate Agri Limited has informed BSE Limited about receiving a notice from the National Company Law Tribunal (NCLT) Indore regarding an application filed by a financial creditor seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the company.
NCLT Proceedings Details
The application has been filed by Colama Commercial Co Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case has been registered as CP(IB)/78(MP)2025 before the NCLT Indore Bench.
| Case Details: | Information |
|---|---|
| Case Number: | CP(IB)/78(MP)2025 |
| Applicant: | Colama Commercial Co Ltd |
| Respondent: | Satiate Agri Ltd & Its Board |
| Initial Hearing: | January 5, 2026 |
| Next Hearing: | February 18, 2026 |
Court Proceedings and Orders
During the hearing on January 5, 2026, the NCLT bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical) heard the counsel for the applicant financial creditor. The tribunal ordered notice to be issued to Satiate Agri Limited.
The court has directed specific procedural requirements:
- Notice to be served through registered post, speed-post, and dasti mode
- Service to be completed within seven days along with court order copy
- Company to file reply within two weeks of receiving notice
- Rejoinder to be filed within seven days thereafter
- Proof of service to be submitted via affidavit
Company's Response
Satiate Agri Limited has stated that it is "fully equipped to object and defend this matter as per law." The company has made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under sub-clause 16(b) of Para A of Schedule III.
| Company Information: | Details |
|---|---|
| BSE Scrip Code: | 524546 |
| ISIN: | INE06DM01015 |
| Registered Office: | Indore, Madhya Pradesh |
| Disclosure Date: | January 13, 2026 |
Regulatory Compliance
The intimation was signed by Priya Bhandari, Company Secretary & Compliance Officer, and submitted to BSE Limited on January 13, 2026. The company has attached a copy of the NCLT order for reference and requested BSE to take the information on record.
The matter is now scheduled for hearing on February 18, 2026, where the NCLT will consider the reply filing and proof of service affidavit. This development represents a significant corporate legal proceeding that could impact the company's operations and financial standing.
Historical Stock Returns for VTM
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