Waycool Foods NCLT Petition Adjourned for Settlement

Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai

Order Date: 16 June 2026

Case Overview

The hearing concerned Company Petition No. CP/IB/67/CHE/2026 filed by Price Waterhouse Coopers Services LLP (Petitioner) against Waycool Foods And Products Pvt Ltd (Respondent) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner's counsel, Ms. Amita Kumari, appeared along with the respondent's counsel, Mr. Solaiappan. During the proceedings, the petitioner's counsel informed the tribunal that they had received a settlement proposal from the respondent.

Final Outcome

The bench, comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), granted the petitioner's request for time to consider the settlement offer. The petition was adjourned for two weeks and is next listed for hearing on 02 July 2026. The purpose of the next hearing is for the petitioner to report on the settlement or to proceed with the hearing of the petition.

Topics: Insolvency Petition, Settlement Proposal, NCLT Proceeding