Authority: National Company Law Tribunal (NCLT), Guwahati Bench
Order Date: 29th June 2026
Case Overview
This Interim Application (IA(IBC)(Liq.)/2/GB/2026) arises in the main insolvency petition (CP(IB)/9/GB/2025) filed by Eduvanz Financing Private Limited against Abutani Mercantile Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The matter before the tribunal was an application filed by the Resolution Professional (RP), Mr. K. Agarwal, seeking an order for the liquidation of the Corporate Debtor, Abutani Mercantile Private Limited.
Final Outcome
The learned counsel for the Suspended Board of the Corporate Debtor, Mr. K. Board, sought an adjournment to file a reply to the RP's liquidation application. The two-member bench, comprising Member (Judicial) Shri Rammurti Kushawaha and Member (Technical) Shri Yogendra Kumar Singh, granted the request. The Suspended Board was directed to file its reply within 15 days, with an advance copy to be served upon the opposite party. The matter was adjourned and listed for the next hearing on 24th July 2026 for the filing of the said reply.
Topics: Insolvency, Liquidation, NCLT