ORDER

1. This Company Petition has been filed by M/S SHASHWAT ENTERPRISES (“Financial Creditor”), seeking to initiate Corporate Insolvency Resolution Process (CIRP) against LABHANSHI AGRITECH PRIVATE LIMITED (“Corporate Debtor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for having committed a default in payment of its financial debts amounting Rs. 2,78,07,500/- (Rupees Two crore Seventy Eight Lakh Seven Thousand Five Hundred only) as on 31.03.2025. (being the due date as per the Loan Agreement dated 04.12.2024)

2. Perusal of Part-I of the Form-1 indicates that the Financial Creditor is Shashwat Enterprises Through its Sole Proprietor Pushpendra Jain, having its registered office at 68, Agar Road, Chimanganj Mandi, Ujjain, Madhya Pradesh - 4560 06, 3. Perusal of Part-II of the Form-1 indicates that the Corporate Debtor is one Labhanshi Agritech Private Limited , CIN: U15100MP2021PTC057591, having its registered office at, 410- Apollo Tower 2 M.G. Road, Indore, M.Р. - 452 001.

4. Perusal of Part-III of the Form-1 indicates that the applicant has nominated Navin K