Case Details

  • Case Name: UCO Bank vs Mukul Deka (PG) to M/s Lohit Construction Pvt. Ltd. (CD)
  • Court/Authority: National Company Law Tribunal (NCLT), Guwahati Bench
  • Case Numbers: IA(IBC)/80/GB/2026 In CP(IB)/34/GB/2026
  • Date of Hearing: 20th May 2026
  • Governing Law: Insolvency and Bankruptcy Code, 2016 (IBC)

Parties Involved

  • Petitioner / Financial Creditor: UCO Bank
  • Respondent / Corporate Debtor: M/s Lohit Construction Pvt. Ltd. (CD)
  • Personal Guarantor: Mukul Deka (PG)
  • Resolution Professional (RP): Mr. A. Pareek
  • Tribunal Members: Hon'ble Member (Judicial), Shri Rammurti Kushawaha and Hon'ble Member (Technical), Shri Yogendra Kumar Singh
  • Legal Counsel: Mr. S. Chamaria, Adv. (for Petitioner); Mr. R. Dubey, Adv. (for Personal Guarantor)

Issues / Allegations / Violations

The proceeding is an insolvency petition filed by UCO Bank under Section 95 of the IBC, 2016 against the Corporate Debtor, M/s Lohit Construction Pvt. Ltd., and its Personal Guarantor, Mukul Deka. The specific nature of the alleged default is not detailed in this procedural order.

Findings & Observations

This is a procedural order from a hearing. No findings, observations, or determinations on the merits of the case were made or recorded in this specific order.

Penalties / Settlements / Directions

No penalties, settlements, or final directions were issued in this order. The tribunal issued procedural directions:

  • The Personal Guarantor (PG) was granted 5 days to file a reply and objections to the report submitted by the Resolution Professional.
  • A rejoinder, if any, is to be filed before the next date of hearing.
  • The Resolution Professional's report filed under Section 99 of the IBC, 2016 was taken on record.

Corrective Actions & Future Obligations

No corrective actions were ordered. Future obligations are procedural:

  • The Personal Guarantor must file their reply/objections within the stipulated 5 days.
  • All parties are to appear for the next hearing.

Final Ruling & Enforcement

There was no final ruling on the case. The matter was adjourned and listed for further consideration on 3rd June 2026. The adjournment was requested to align this case with a connected matter already scheduled for that date.