Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard an insolvency petition filed by City Link Portal Pvt Ltd against Waycool Foods And Products Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with Rule 6 of IBC Rules. The petition is registered as CP(IBC)/348(CHE)/2025. Both parties were represented by their legal counsel - Mr. Amod Kulkarni for the petitioner (City Link Portal) and Mr. Solaiappan for the respondent (Waycool Foods). The tribunal noted that the parties had already advanced their arguments in the case and written synopsis had been filed. Counsel for the petitioner confirmed that no settlement had been reached between the parties.
Final Outcome
The NCLT bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical) adjourned the matter and listed the petition for clarifications on July 2, 2026. The tribunal specifically directed that parties be called in person for the next hearing, indicating the proceeding remains active and requires direct participation.
Topics: Insolvency Proceeding, Corporate Dispute, NCLT Hearing