Authority: National Company Law Tribunal Guwahati Bench
Order Date: 9 October 2026
Case Overview
The National Company Law Tribunal (NCLT) Guwahati Bench, comprising Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh, heard matters IA(IBC)/4/GB/2026 and IA(IBC)/79/GB/2025 in the main petition CP(IB)/19/GB/2022. The case involves M/s Brahmaputra Iron & Steel Company Pvt. Ltd. as the petitioner versus State Bank of India and North Eastern Development Finance Corporation Ltd. as respondents. The proceedings are under Section 10 of the Insolvency and Bankruptcy Code, 2016.
Representation included Mr. H. Singh Alang appearing for the applicant company, and Mr. S. Sancheti appearing for Respondent No. 1 (Brahmaputra Tele-Productions Pvt. Ltd.). No representation appeared for Respondent No. 2 (Mr. Santosh Kumar Jaiswal) or Respondent No. 3 (Mr. Padma Nath Deka), with the latter already having been proceeded ex-parte in previous proceedings.
The learned counsel for the respondents submitted that an appeal against the order dated 06.05.2026 passed in IA(IBC)/143/GB/2025 is currently pending before the National Company Law Appellate Tribunal (NCLAT).
Final Outcome
The NCLT granted an adjournment and listed the matter for further consideration on 23 November 2026, pending the outcome of the appeal before NCLAT.
Topics: Insolvency Proceedings, Corporate Litigation, Banking Dispute