Authority: National Company Law Tribunal Guwahati Bench
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Guwahati Bench heard matter IA (IBC)/98/GB/2023 in connection with 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. The bench comprised Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh.
During the hearing, Mr. Akhtar Parvez appeared for the petitioner, while Mr. Mukesh Sharma and Mr. Karan Borad (as Proxy Counsel) appeared for the respondents. Both parties sought additional time to file convenience notes for the proceedings.
Final Outcome
The NCLT directed both parties to file convenience notes not exceeding three pages each. The matter has been adjourned and listed for next hearing on July 30, 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor