Authority: National Company Law Tribunal (NCLT), Guwahati Bench
Order Date: 29th June 2026
Case Overview
This hearing concerned Interlocutory Application No. IA(IBC)/102/GB/2026, filed within the main insolvency petition CP(IB)/26/GB/2022. The application was filed by Mr. Ashok Kumar Agarwalla, the Liquidator of M/s Sundaram Mahadeo Autoworld Pvt. Ltd., under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. The Liquidator appeared in person along with Advocate Ms. A. Deka. The respondents in the matter are the company's Financial Creditors: State Bank of India, Tata Capital Financial Services Ltd., Tata Motors Finance Solutions Ltd., and Indusind Bank Ltd. The Liquidator filed this IA seeking formal closure of the corporate liquidation process, stating that the liquidation had been completed on 11th June 2026.
Final Outcome
The two-member bench, comprising Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh, noted the presence of multiple Financial Creditors. The Tribunal deemed it appropriate to issue formal notice to all respondent creditors before proceeding with the closure application. The Registry of the NCLT and the Applicant (Liquidator) were directed to issue notice to all respondents via speed post and email and to maintain a record of the tracking details on file. The matter was adjourned and listed for its next hearing on 21st July 2026 for further consideration.
Topics: Insolvency, NCLT, Liquidation Process