Case Details
- Case Name: Punjab National Bank vs Pride Coke Private Limited
- Court/Authority: National Company Law Tribunal (NCLT) Guwahati Bench
- Case Number: IA(IBC)/141/GB/2025 in CP(IB)/4/GB/2025
- Hearing Date: 20th May 2026
- Legal Provision: Under Section 7 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner:
- Punjab National Bank (represented by Mr. N. Goenka, Advocate for Resolution Professional)
Respondents:
- Pride Coke Private Limited (represented by Mr. A. Chaudhuri, Advocate for Respondent Nos. 1 to 4)
- Additional representation by Ms. S. Majumdar, Advocate for Respondents 1 to 4
Tribunal Members:
- Hon'ble Member (Judicial): Shri Rammurti Kushawaha
- Hon'ble Member (Technical): Shri Yogendra Kumar Singh
Issues / Allegations / Violations
The application IA(IBC)/141/GB/2025 was filed in the ongoing insolvency proceeding CP(IB)/4/GB/2025. The specific nature of the application is not detailed in the order, but it appears to relate to cooperation issues between the parties in the resolution process.
Findings & Observations
The learned counsel for the Resolution Professional submitted that the respondents have cooperated and undertake to cooperate in future as well. The tribunal noted that since the respondents have cooperated and are ready to cooperate further if required, the application has become infructuous.
Final Ruling & Enforcement
The National Company Law Tribunal Guwahati Bench disposed of IA(IBC)/141/GB/2025 as being infructuous. The order was signed by both tribunal members: Shri Yogendra Kumar Singh (Member Technical) and Shri Rammurti Kushawaha (Member Judicial).
Additional Proceedings Information
- All appearances were made via video conferencing/physical appearance
- The matter was heard by a two-member bench consisting of judicial and technical members
- The order represents a procedural resolution in the larger insolvency proceeding under Section 7 of IBC, 2016