Authority: National Company Law Tribunal Guwahati Bench
Order Date: 9th June 2026
Case Overview
Catalyst Trusteeship Limited filed an insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against JSB Cement LLP. The petition claims a total default amount of Rs. 1,96,69,05,415/- (approximately Rs. 196.69 crore) as on 30th April 2026. During the hearing, the petitioner's counsel clarified that the actual date of default in the matter is 01st June 2026. The respondent, JSB Cement LLP, was not represented during the hearing.
Final Outcome
The NCLT Bench comprising Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh admitted the petition for hearing. The Registry and Applicant were directed to issue notice to the respondents by speed post and email and file tracking records. The respondents were given ten days from receipt of notice to file their reply, with copies to be served on the petitioner's counsel. The petitioner's counsel was directed to file proof of service before the next hearing date. The matter has been listed for further consideration on 07th July 2026.
Topics: Insolvency Proceedings, Cement Sector, Corporate Debt