Case Details
Case Name: M/s Shantanu Investments Pvt. Ltd. Versus M/s Aksh Optifibre Limited
Court/Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Case Number: CP No. (IB)-45/7/JPR/2023
Legal Provision: Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC)
Hearing Date: May 21, 2026
Tribunal Member: Hon'ble Mr. Praveen Gupta, Judicial Member
Parties Involved
Petitioner/Financial Creditor: M/s Shantanu Investments Pvt. Ltd.
Respondent/Corporate Debtor: M/s Aksh Optifibre Limited
Legal Representation:
- For Financial Creditor: Tanmay Mehta, Adv.; Sagar Chawla, Adv.; Sonal Anand, Adv.
- For Corporate Debtor: Surbhi Singh, Adv.; Pranay Rathore, Adv.
Proceedings Status
The matter was heard through web-based video conferencing platform. Both parties made their submissions before the tribunal. The order has been reserved, meaning the final decision on whether to admit or reject the insolvency petition is pending and will be delivered at a later date.
Final Ruling & Enforcement
The final ruling on the admission of the insolvency petition under Section 7 of IBC, 2016 is awaited. The tribunal has reserved its order after hearing submissions from both parties.