Case Details
Case Name: UCO Bank vs Manas Barooah (PG) to M/s Lohit Construction Pvt. Ltd. (CD)
Court/Authority: National Company Law Tribunal (NCLT), Guwahati Bench
Case Number: IA(IBC)/83/GB/2026 In CP(IB)/36/GB/2026
Date of Hearing: 20th May 2026
Governing Law: Under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016
Parties Involved
Petitioner: UCO Bank
Respondent/Personal Guarantor (PG): Manas Barooah
Corporate Debtor (CD): M/s Lohit Construction Pvt. Ltd.
Resolution Professional (RP): Mr. A. Pareek
Legal Representatives:
- For Petitioner: Mr. S. Chamaria, Advocate
- For Respondent (PG): Mr. R. Dubey, Advocate
Procedural Updates & Directions
- The learned counsel for the Personal Guarantor (Manas Barooah) sought additional time for filing a reply and objections to the report submitted by the Resolution Professional (RP).
- The NCLT granted an extension of 5 days for the Personal Guarantor to file this reply, with a copy to be provided to the opposite party.
- The tribunal directed that any rejoinder to the reply must be filed before the next date of hearing.
- The matter was listed for its next hearing on 3rd June 2026. This scheduling was aligned with a connected matter that is also listed on the same date.
- In the connected application (IA(IBC)/83/GB/2026), the Resolution Professional, Mr. A. Pareek, was present in person. He submitted a report filed under Section 99 of the IBC, 2016, which was taken on record by the tribunal.
- This application was also listed for further consideration on 3rd June 2026.
Final Ruling & Enforcement
The order is a procedural update directing the filing of replies and listing the matter for the next hearing on 03.06.2026. No final ruling on the merits of the case or enforcement actions were issued in this order.