Thermosystems Pvt Ltd filed insolvency petition CP(IB)/290/CHE/2025 against Va Tech Wabag Ltd under IBC Section 9.
NCLT Chennai Special Bench heard case via video conference on 22 April 2026 with both parties represented by counsel.
Tribunal accepted rejoinder filing and scheduled next hearing for 11 June 2026 for further proceedings.
Case involves operational debt dispute under Insolvency and Bankruptcy Code, 2016 between two corporate entities.