2026 Supreme(Online)(NCLT) 8042
NATIONAL COMPANY LAW TRIBUNAL
Voyager Trading Partners LLC – Appellant
Versus
Nadella Agrotech Private Limited – Respondent
CP(IB) No. 72/BB/2026
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IN THE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH [Through Physical hearing/VC Mode (Hybrid)]
ITEM No.05 CP(IB) No. 72/BB/2026 IN THE MATTER OF:
Voyager Trading Partners LLC … Petitioner Vs.
Nadella Agrotech Private Limited … Respondent Petition under Sec 9 of IBC 2016 Order delivered on: 26.10.2026 CORAM:
SHRI SUNIL KUMAR AGGARWAL HON’BLE MEMBER (JUDICIAL)
SHRI RADHAKRISHNA SREEPADA HON’BLE MEMBER (TECHNICAL)
COUNSELS PRESENT:
For the Petitioner : Adv. Ayush Ganediwala For the Corporate Debtor: Adv Mahalingayya ORDER
1. Heard Ld. Counsels for parties.
2. Vide Separate Order the Corporate Debtor is admitted to CIRP, moratorium imposed, IRP appointed.
3. IRP/IPE to intimate within a week the assignments it has undertaken, list of constituent partners and assignments undertaken by them.
4. List on 11.01.2027 for report by IRP.
-Sd- -Sd-
RADHAKRISHNA SREEPADA SUNIL KUMAR AGGARWAL MEMBER (TECHNICAL) MEMBER (JUDICIAL)
Jones IN THE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH (Exercising powers of Adjudicating Authority under The Insolvency and Bankruptcy Code, 2016)
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CP (IB) No. 72/BB/2026 U/s. 9 of the IBC, 2016 read with Rule 6 of the IBC (AAA) Rules, 2016 IN THE MATTER OF:
Voyager Trading Partners LLC
555, Bryant Street, #356 Palo Alto, California - 94301, USA - Operational Creditor/Petitioner VERSUS Nadella Agrotech Private Limited Door Number-2-18-1557/56, 3rd Floor, Ajanta Business Center, Bejai, Kapikad, Dakshina Kannada, Mangalore, Karnataka, India, 575004 - Corporate Debtor/Respondent Order delivered on: 26.10.2026 CORAM:
Shri Sunil Kumar Aggarwal, Hon’ble Member (Judicial)
Shri Radhakrishna Sreepada, Hon’ble Member (Technical)
COUNSELS PRESENT For the Petitioner : Mr. Ayush Ganediwala For the Respondent : Mr. Mahalingayya & Mr. Varun Bheemaiah
O R D E R
1. The present Company Petition has been filed by Voyager Trading Partners LLC (hereinafter referred to as the “Operational Creditor/OC”) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “Code”), read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authorities) Rules, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Nadella Agrotech Private Limited (hereinafter referred to as the “Corporate Debtor/CD”) on account of the alleged default in payment of operational debt.
##PAGE3##2. The facts of the case as submitted by the OC, in brief, are as follows:
a. The OC is a limited liability company having its principal office at 555, Bryant Street, #356, Palo Alto, California 94301, United States of America, and engaged in the business of procuring and trading various products for its customers. The CD is a company incorporated under the Companies Act, 2013, bearing CIN U51909KA2022PTC166856, with its registered office at Mangaluru, Karnataka -575004.
b. The CD approached the OC for procuring products and, in this regard, the parties had executed a Master Sales Agreement dated 12.02.2024, along with an undertaking on the same date. Pursuant to the said arrangements, the CD had placed orders for the purchase of products from the OC. The OC had thereupon raised proforma invoices specifying the terms of the transactions and thereafter issued commercial invoices for the amounts payable. According to the OC, the CD accepted the invoices and the corresponding bills of exchange, thereby acknowledging its obligation to make payment in accordance with the agreed terms.
c. The OC further states that it had procured and delivered the products in accordance with the terms of the invoices and provided the relevant shipping documents, including the bills of lading and packing lists to the CD. The products covered by the two commercial invoices included palm olein in bulk. The CD took delivery of the products after completing the necessary customs formalities and thereafter used or sold the products to third parties.
d. The present petition arise