Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 07.07.2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Principal Bench, heard an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by Shipway Technology Private Limited (Petitioner) against Easo ECommerce Private Limited (Respondent). The matter was heard by a bench consisting of Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical). The hearing was conducted in hybrid mode (physical and video conference).
During the proceedings, the respondent's counsel, Mr. Anukrit Gupta and Mr. Dev Singh, submitted that efforts are ongoing to settle the matter and requested additional time for this purpose. The petitioner was represented by Mr. Karan Malhotra, though his appearance was not formally marked on record.
Final Outcome
The NCLT bench adjourned the matter and directed both parties to be present on the next date of hearing. The case has been listed for 09.07.2026 for further proceedings, allowing time for the ongoing settlement negotiations between the parties to continue.
Topics: Insolvency Proceedings, Corporate Debt, Settlement Negotiations