Agri-Tech (India) Limited has announced the dismissal of the Corporate Insolvency Resolution Process (CIRP) initiated against Techindia Nirman Limited. The Hon’ble National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, set aside the CIRP order dated 15 December 2025 in an order passed in Company Appeal (AT) (Insolvency) No. 970 of 2025. The CIRP was initially initiated by Agri-Tech (India) Limited against Techindia Nirman Limited under the Insolvency and Bankruptcy Code, 2016. However, an appeal was filed by a shareholder, Balkishan Shrikisan Baldawa, who alleged fraudulent initiation of the CIRP by the related parties. The appellant contended that the CIRP was initiated to gain control of Techindia Nirman Limited after shareholders rejected certain resolutions in the Annual General Meetings of both companies. The NCLAT, in its judgment, addressed the maintainability of the appeal and the allegations of fraud. The tribunal considered submissions from Agri-Tech (India) Limited, which asserted the genuineness of the loan agreement and disbursement, and from the Resolution Professional of Techindia Nirman Limited, detailing the CIRP process. The NCLAT's order effectively dismisses the CIRP against Techindia Nirman Limited.