Authority: National Company Law Tribunal Guwahati Bench
Order Date: 13th July 2026
Case Overview
This matter involves an insolvency petition (CP(IB)/6/GB/2025) filed by IFCI Venture Capital Funds Limited against Green Belt Industry Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The hearing on 13th July 2026 addressed an interlocutory application (IA(IBC)/118/GB/2026) concerning the non-cooperation of the corporate debtor. The Resolution Professional, Ms. Neha Agarwal, represented by counsel Ms. S. Chakarvortry, reported that the respondents (directors/officers of Green Belt Industry Private Limited) are not extending cooperation required for the insolvency resolution process.
Final Outcome
The NCLT bench comprising Member (Judicial) Shri Rammurti Kushawaha and Member (Technical) Shri Yogendra Kumar Singh directed the registry and applicant to issue fresh notices to respondents R-1 to R-4 via speed post and email, maintaining tracking records on file. 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 was listed for further consideration on 5th August 2026.
Topics: Corporate Insolvency, NCLT Proceedings