01 NATIONAL COMPANY LAW TRIBUNAL GUWAHATI BENCH GUWAHATI ORDER SHEET OF THE HEARING ON 13^th MAY 2026 IA(IBC)/42/GB/2026 CP(IB)/10/GB/2021 Present: 1. Hon’ble Member (Judicial), Shri Rammurti Kushawaha

2. Hon’ble Member (Technical), Shri Yogendra Kumar Singh Appearances (via video conferencing/physically)

IA(IBC)/42/GB/2026 For Petitioner (s) : Mr. Biswa Ranjan Dash, Adv For Respondent (s) : Ms. Sudha Sarma Liquidator in person : Mr. Nirmal Goenka, Adv. for Liquidator

ORDER

Order pronounced in open court vide separate sheets.

Sd/- Sd/-

Yogendra Kumar Singh Rammurti Kushawaha Member (Technical) Member (Judicial)

Zeba (PS)

NATIONAL COMPANY LAW TRIBUNAL GUWAHATI BENCH GUWAHATI An application under section 35 of the Insolvency and Bankruptcy Code, 2016 read with section 60 (5) of the Insolvency and Bankruptcy Code, 2016 and Rules 11 and 23-A of the National Company Law Tribunal Rules, 2016 and Regulation 9 of IBBI (Liquidation Process) Regulation, 2016;

In the matter of CP (IB)/10/GB/2021:

State Bank of India …Financial Creditor -Versus-

Nayak Infrastructure Pvt. Ltd …Corporate Debtor -And-

In the matter of IA (IBC)/42/GB/2026:

Institute of Instrumentation & Media Science, having registered office at Plot-487, at-

Mahura, Tomando, Bhubaneswar, Odisha -7512054;

…Applicant No. 1 -And-

Mr. Ranjan Mahanta (Chairman, Institute of Instrumentation & Media Science), having address at Plot- 487, at- Mahura, Tomando, Bhubaneswar, Odisha -7512054;

…Applicant No. 2 -And-

Mr. Sanjit Roshan Patnaik (Principal, Institute of Instrumentation & Media Science)

having address at Plot-487, at- Mahura, Tomando, Bhubaneswar, Odisha -7512054;

…Applicant No. 3 -Versus-

Ms. Sudha Sarma (Liquidator of Nayak Infrastructure Pvt. Ltd), having address at Sudha and Associates, 185, MRD Road, Bamunimaidam, Guwahati – 781021.

…Respondent No. 1 Coram:

Shri Rammurti Kushawaha : Member (Judicial)

Shri Yogendra Kumar Singh : Member (Technical)

Appearances (through video conferencing/Physical):

For Petitioner : Mr. Devi Prasad Dash, Mr. Biswa Ranjan Dash, (Advs.)

For Respondent : Mr. Nirmal Goenka (Adv.)

Order pronounced on: 13.05.2026 As Per Bench

1. The instant Interlocutory Application i.e. IA (IBC)/42/GB/2026 is filed by Institute of Instrumentation & Media Science, Mr. Ranjan Mahanta (Chairman, Institute of Instrumentation & Media Science) and Mr. Sanjit Roshan Patnaik (Principal, Institute of Instrumentation & Media Science) under section 35 of the Insolvency and Bankruptcy Code, 2016 read with section 60 (5) of the Insolvency and Bankruptcy Code, 2016 (“the Code”) and Rules 11 and 23-A of the National Company Law Tribunal Rules, 2016 (“NCLT Rules”) and Regulation 9 of IBBI (Liquidation Process) Regulation, 2016 (“Liquidation Regulation”), seeking for the following reliefs:-

a. Pass an order for recalling of the aforesaid ex parte order dated 13-12-2024 passed in the aforesaid disposed of I.A(IBC)No.159/GB/of 2024 and allowing the present Applicants i.e. the Respondent Nos. 1, 2 and 3 in the said disposed of I.A to put forth their case in filling of their objections/show cause for the ends of justice;

b. Pass an order in staying of the further contempt proceeding vide Contempt Application (IBC)

No. 02 of 2025 initiated by the learned Official Liquidator i.e. the present Respondent No. 1 against the Applicants before this Hon'ble Tribunal for the allegations of non-compliance of the aforesaid ex parte order dated 13-12-2024 passed in the aforesaid disposed of I.A (IBC)

No.159/GB/ of 2024, till the final adjudication of the instant I.A.;

c. Pass any other appropriate order/s as may deem just and proper by this Hon'ble Tribunal for the ends of justice.

2. Submissions on behalf of the Applicants:

2.1 The applicants submitted that this Interlocutory Application has been filed by the applicants who had been arrayed as Respondent No. 1, 2 and 3 in the I.A. (IBC) No.159/GB of 2024 that was disposed on ex parte by this Hon’ble Court vide order

13.12.2024 and in this application, the applicants sought for reca