Authority: National Company Law Tribunal (NCLT), Kolkata Bench - Court II
Order Date: 30th June 2026
Case Overview
This order pertains to corporate insolvency resolution proceedings against Bhumya Tea Company Private Limited, initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by financial creditor UCO Bank. The specific application heard was IA(I.B.C)/310(KB)2026, filed by the Liquidator of the company. The application sought the tribunal's permission to take on record two key documents: the Preliminary Report (pages 81-88) and the Asset Memorandum (pages 89-92), which were filed with a delay of 9 days.
Final Outcome
The NCLT Bench, comprising Member (Judicial) Shri Cheekati Radha Krishna and Member (Technical) Ms. Rekha Kantilal Shah, condoned the 9-day delay in filing the Preliminary Report. The tribunal allowed the Liquidator's application and formally took the Preliminary Report and Asset Memorandum on record, subject to all just exceptions. The application (IA/310/2026) was thus allowed and disposed of. The bench adjourned the matter, listing the remaining interlocutory applications for consideration on the next hearing date of 17th August 2026.
Topics: Insolvency Proceeding, Liquidation, NCLT Order