NCLT Adjourns Shree Sai Smelters Insolvency Hearings

Case Details

Case Name: Punjab National Bank vs. Shree Sai Smelters India Ltd.

Court/Authority: National Company Law Tribunal (NCLT), Guwahati Bench

Case Numbers: IA(IBC)/56/GB/2023, IA(IBC)/125/GB/2024, CP(IB)/23/GB/2019

Date of Hearing: 21st May 2026

Under Section: Section 7 of the Insolvency and Bankruptcy Code, 2016

Next Hearing Date: 07.07.2026

Parties Involved

Bench Members:

• Hon'ble Member (Judicial), Shri Rammurti Kushawaha
• Hon'ble Member (Technical), Shri Yogendra Kumar Singh

Legal Representatives:

• For Liquidator (Mr. Sandeep Khaitan): Mr. Abhishek Prasad, Ld. Counsel along with Ms. Anshika Khaitan, CS
• For Respondents: Ms. Aatrayi Das, Adv.
• For Respondent Nos. 1, 2 & 3 (Punjab National Bank): Mr. Kamal Kanti Nandi, Adv.
• For Respondent No. 5 (Successful Resolution Applicant): Mr. Avik Chaudhuri, Adv. for M/s N. K. Marketing

Individuals Present:

• Ms. Shalini Bhagat (respondent present in person)
• Ms. Smriti Bhagat (respondent present in person)
• Respondent No. 3, Donborry Thangkhiew (already set ex parte)

Applicants in IA(IBC)/125/GB/2024:

• Ms. Shalini Bhagat
• Ms. Smriti Bhagat
• Ms. Rashi Bhagat

Order Proceedings

IA(IBC)/56/GB/2023:

• Ld. Counsel for the Applicant sought time for hearing
• Matter adjourned to 07.07.2026 for hearing

IA(IBC)/125/GB/2024:

• Ld. Counsel for the Applicants sought time for hearing
• Matter adjourned to 07.07.2026 for hearing

Final Ruling & Enforcement

The NCLT Guwahati Bench has adjourned both interlocutory applications to 7th July 2026 for hearing. No substantive orders were passed in this hearing session. The matters remain pending before the tribunal.