Case Details
- Case Name: UCO Bank vs. RMD Hotels & Resorts Private Limited
- Court/Authority: National Company Law Tribunal (NCLT), Guwahati Bench
- Case Number: CP(IB)/26/GB/2025 & IA(IBC)/72/GB/2026
- Date of Hearing: 22nd May 2026
- Governing Law: Petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
- Petitioner/Financial Creditor: UCO Bank
- Represented by: Mr. P. Bah (Senior Manager), Mr. S. K. Patra (Chief Manager Law), Mr. B.K. Singh (Branch Manager), and their advocate Mr. K. Borad.
- Respondent/Corporate Debtor: RMD Hotels & Resorts Private Limited
- Represented by: Advocates Mr. R. Dubey and Ms. A.B. Kayastha.
- Tribunal Members: Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh.
Issues / Allegations / Violations
The matter is an insolvency petition initiated by UCO Bank against RMD Hotels & Resorts Private Limited for a default on a financial debt. A One-Time Settlement (OTS) proposal was presented by the corporate debtor, which was a subject of discussion in this hearing.
Findings & Observations
The tribunal did not record any findings or observations on this hearing date. The matter was primarily for a procedural update.
Penalties / Settlements / Directions
No penalties were imposed or settlements approved during this hearing. The Bank's counsel submitted that the corporate debtor's OTS proposal had been rejected by the Bank's branch.
Corrective Actions & Future Obligations
No corrective actions or future obligations were directed during this hearing.
Final Ruling & Enforcement
The tribunal did not issue a final ruling. The only direction was to adjourn the hearing. The matter has been listed for the next hearing on 5th June 2026 for arguments.