Authority: National Company Law Tribunal Guwahati Bench
Order Date: July 6, 2026
Case Overview
The matter involves a corporate insolvency resolution process initiated by M/s Brahmaputra TMT Bars Pvt. Ltd. under Section 10 of the Insolvency and Bankruptcy Code, 2016. The petition is filed against three financial creditors: State Bank of India, North Eastern Development Finance Corporation Ltd., and Assam Gramin Vikash Bank. The case references are IA (IBC)/96/GB/2023, Cont.A (IBC)/1/GB/2024, and CP (IB)/20/GB/2022.
During the hearing on July 6, 2026, the bench comprised Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh. Representation included Mr. Akhtar Parvez for the petitioner, Mr. Mukesh Sharma and Mr. Karan Borad (Proxy Counsel) for Respondent Nos. 1, 2, and 4 to 7, and Ms. Anshika Khaitan (Chartered Accountant) as Authorized Representative for Respondent No. 3 (Assam Gramin Vikash Bank).
Respondent No. 3 (Assam Gramin Vikash Bank) confirmed they had already filed a convenience note. The bench directed that remaining respondents and applicants are free to file their convenience notes, not exceeding three pages, before the next date if not already filed.
Final Outcome
The tribunal adjourned the matter and listed IA (IBC)/96/GB/2023 and Cont. A (IBC)/1/GB/2024 for further consideration on July 30, 2026. No substantive decisions on the insolvency petition were made in this hearing.
Topics: Insolvency Proceeding, NCLT Hearing