Authority: National Company Law Tribunal Guwahati Bench
Order Date: 30th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Guwahati Bench heard petition CP(IB)/45/GB/2025 filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petition involved Sanjay Vasant Kavatkar (Financial Creditor) versus Vaishali Santosh Shrikhande (Personal Guarantor) and M/s Go Organoponics Agritech Private Limited (Corporate Debtor). During the hearing, the petitioner's counsel, Mr. Kuldeep K. Adesera, appeared via video conferencing/physical appearance. No representative appeared for the Personal Guarantor. The Resolution Professional, Mr. Bishal Agarwal, was present in person. The petitioner filed an affidavit seeking permission to withdraw the petition on the grounds that the matter had been amicably settled between all parties involved.
Final Outcome
The NCLT Bench, comprising Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh, heard submissions from both the petitioner's counsel and the Resolution Professional. Both confirmed that the entire claim had been settled between the parties. The tribunal concluded that since the matter had been settled, nothing remained for adjudication. Accordingly, CP(IB) No. 45/GB/2025 was dismissed as withdrawn.
Topics: Insolvency Resolution, NCLT Proceeding, Debt Settlement