Authority: National Company Law Tribunal Guwahati Bench
Order Date: June 9, 2026
Case Overview
This matter involves an insolvency petition filed under Section 94 of the Insolvency and Bankruptcy Code, 2016. The parties to the case are Santosh Kumar Jaiswal (Petitioner) versus State Bank of India, North Eastern Development Finance (NEDFI), Assam Gramin Vikash Bank, and Ankita Gupta (Operational Creditor) as Respondents. The hearing on June 9, 2026, saw no representation from either the Petitioner or the Respondents. The Resolution Professional, Mr. P. Gaggar, appeared in person and informed the bench that a report under Section 99 of the IBC had already been filed and was scheduled for consideration on July 7, 2026.
Final Outcome
Due to the absence of representation from the Applicant, the NCLT Bench comprising Member (Judicial) Shri Rammurti Kushawaha and Member (Technical) Shri Yogendra Kumar Singh adjourned the matter to July 7, 2026, for further consideration in the interest of justice.
Topics: Insolvency Proceeding, Banking Sector, NCLT