Authority: National Company Law Tribunal Guwahati Bench
Order Date: June 12, 2026
Case Overview
The National Company Law Tribunal (NCLT) Guwahati Bench heard case CP (IB)/12/GB/2024 involving IL&FS Financial Services Limited as the financial creditor (FC) and Adhunik Meghalaya Steels Private Limited as the corporate debtor (CD). The proceedings were conducted under Section 95 of the Insolvency and Bankruptcy Code, 2016. The matter was listed for hearing before the bench comprising Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh. Mr. Shaunak Mitra appeared as advocate for IL&FS Financial Services Limited, while Mr. Dhirendra Nath Sharma appeared as Senior Advocate for Adhunik Meghalaya Steels Private Limited.
Final Outcome
The NCLT adjourned the hearing to June 30, 2026, at the request of the learned counsel for the respondent (Adhunik Meghalaya Steels Private Limited). No substantive arguments were heard, and the matter was simply rescheduled for future arguments.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt