Authority: National Company Law Tribunal (NCLT), Division Bench (Court–I), Chennai
Order Date: 18 June 2026
Case Overview
The order pertains to a hearing in the corporate insolvency resolution process petition CP(IB)/269(CHE)/2025. The petitioner is Aimwiseai Proprietary Ltd, which has filed an application under Section 9 and Rule 6 of the Insolvency and Bankruptcy Code (IBC), 2016 against the corporate debtor, Farmwiseai Pvt Ltd. The petition is an operational creditor-initiated insolvency proceeding. The pleadings in the case have been completed. During the hearing held via video conferencing, the counsels for both parties were not available for arguments.
Final Outcome
Upon a joint request from the parties, the Hon'ble Bench, comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam, adjourned the matter. The petition has been listed for final hearing on 10 August 2026. No ruling on the merits of the insolvency petition was made in this order.
Topics: Insolvency, Corporate Dispute