StockWatch
·
Trading & Distributors
Legal6 Oct 2026, 10:00 pm

Spright Agro Ltd: NCLT Admits CIRP, Appoints IRP

AI Summary

Spright Agro Ltd has been admitted into Corporate Insolvency Resolution Process (CIRP) by the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench. The tribunal's order, dated 24/09/2026, initiates the CIRP under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) has been appointed, and the powers of the Company's Board of Directors are now suspended and vested with the IRP. The management and operations will continue under the IRP's supervision as a going concern.

Key Highlights

  • NCLT Ahmedabad admits Spright Agro Ltd into CIRP.
  • Corporate Insolvency Resolution Process initiated under IBC.
  • Board of Directors' powers suspended; IRP appointed.
  • Company operations to continue as a going concern under IRP.