Authority: National Company Law Tribunal (NCLT), Guwahati Bench
Order Date: July 6, 2026
Case Overview
This is a procedural order from a hearing in the corporate insolvency resolution process (CIRP) of Pride Coke Private Limited. The financial creditor, Punjab National Bank, had initiated the process against the corporate debtor, Pride Coke Private Limited, by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The case is registered as CP (IB)/4/GB/2025. The matter being heard was an interlocutory application, IA(IBC)(Plan)/1/GB/2026, concerning a resolution plan. The bench was composed of Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh.
Final Outcome
The Resolution Professional (RP), Mr. Ashok Kumar Agarwala, who was present in person along with his advocate Ms. Atlanta Deka, informed the bench that a resolution plan had been filed on June 23, 2026. The tribunal did not make any decision on the merits of the plan but simply listed the matter for the next hearing on July 13, 2026, for its further consideration. The bench issued a direction that the RP must be physically present on the next date of hearing.
The practical consequence is a one-week adjournment, moving the proceedings to the next date for further discussion and potential approval of the resolution plan.
Topics: Insolvency, NCLT, Corporate Debt