Case Details
- Case Name: Punjab National Bank vs. Shree Sai Prakash Alloys Pvt. Ltd.
- Court/Authority: National Company Law Tribunal (NCLT), Guwahati Bench
- Case Numbers: IA(IBC)/49/GB/2023, IA(IBC)/126/GB/2024 in CP(IB)/24/GB/2019
- Date of Hearing: 21st May 2026
- Presiding Members: Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh
- Under Section: 7 of the Insolvency and Bankruptcy Code, 2016 (IBC)
Parties Involved
- Financial Creditor/Respondent (R-1,2,3): Punjab National Bank
- Corporate Debtor: Shree Sai Prakash Alloys Pvt. Ltd. (Subject of liquidation)
- Successful Bidder/Respondent (R-5): M/s N. K. Marketing
- Other Respondents/Applicants: Ms. Shalini Bhagat, Ms. Smriti Bhagat, Ms. Rashi Bhagat, and Donborry Thangkhiew
- Legal Representatives:
- For the Liquidator (Mr. Sandeep Khaitan): Mr. Abhishek Prasad, Adv. and Ms. Anshika Khaitan, CS
- For the Respondents/Applicants (Bhagats): Ms. Aatrayi Das, Adv.
- For Punjab National Bank: Mr. Kamal Kanti Nandi, Adv.
- For M/s N. K. Marketing: Mr. Avik Chaudhuri, Adv.
Order
This document is an order sheet from a hearing. It does not contain details of the specific issues, allegations, findings, penalties, or the final ruling. The purpose of the hearing was to address two Interlocutory Applications (IAs) within the main insolvency petition.
- The Tribunal noted the appearances of all parties and their counsels.
- Respondent No. 3, Donborry Thangkhiew, was noted to have been set ex parte (in absentia) in a previous proceeding.
- The counsels for the applicants in both IAs requested time for hearing.
- The NCLT Bench adjourned both matters and listed them for the next hearing on 07.07.2026.
This is a procedural update indicating the case is ongoing, with the next step scheduled for a future date. No substantive decisions or findings were issued in this order.