NCLT Guwahati admits Sadguru Engineers & Allied Services into insolvency over supplier dues
The NCLT's Guwahati bench on 28 October 2026 admitted Sadguru Engineers & Allied Services into insolvency on a stone supplier's plea, holding an acknowledged debt of Rs 1.47 crore unpaid.
Key points
- The NCLT's Guwahati bench admitted Sadguru Engineers & Allied Services Private Limited into insolvency on 28 October 2026.
- The tribunal relied on a debt of Rs 1.47 crore that the company had acknowledged; the supplier claimed Rs 3.97 crore.
- A moratorium now bars suits and recovery actions, including by secured lenders; the order can be appealed to the NCLAT.
The National Company Law Tribunal's Guwahati bench on 28 October 2026 admitted Sadguru Engineers & Allied Services Private Limited, a Guwahati-based contractor, into the corporate insolvency resolution process. The petition was filed by an operational creditor, a proprietorship that supplied stone chips and stone dust to the company, which claimed unpaid dues of Rs 3.97 crore. The tribunal found that the company had acknowledged a debt of Rs 1.47 crore and had not paid it.
What Happened
According to the order, the company issued a work order on 10 December 2024 for the supply of stone chips and stone dust, linked to a highway project of National Highways & Infrastructure Development Corporation Limited. The supplier said it delivered material between December 2024 and April 2025 and served a demand notice in July 2025.
The company opposed the petition, saying it was not maintainable. It told the tribunal it had been awarded works worth about Rs 114.80 crore and had taken financial assistance of Rs 78.26 crore from banks and financial institutions.
The tribunal held that a letter dated 1 July 2025, in which the company acknowledged a debt of Rs 1.47 crore, met the threshold under the Insolvency and Bankruptcy Code, that a default was established and that no notice of dispute had been received. It rejected an objection to the authority of the supplier's representative. It appointed an interim resolution professional to take charge of the company's management and assets and directed the supplier to deposit Rs 1 lakh for initial costs.
What It Means
Admission into insolvency is not a finding of fraud or mismanagement. A moratorium now applies: no suits or recovery proceedings can continue against the company, and secured lenders cannot enforce their security, including under the SARFAESI Act, until the process ends. The company's licences and permits cannot be cancelled on the ground of insolvency, and essential supplies must continue.
The interim resolution professional must make a public announcement calling for claims, and banks, suppliers and others owed money by the company should file claims as that announcement sets out. The tribunal's order may be appealed to the National Company Law Appellate Tribunal (NCLAT).
Source: NCLT order
Sources & Citations
- NCLT order — National Company Law Tribunal