IA 1444/2021

Under Section 60(5) of Insolvency &

Bankruptcy Code, 2016 r/w Section 424

(4) of the Companies Act, 2013

Mr. Sunil G. Kundnani

…Applicant

Vs.

Mr. Pankaj Shyam Joshi

…Respondents In the matter of

C.P.(IB) No. 2156/MB/2019

Canara Bank

Financial Creditor

Vs.

KGS Sugar & Infra Corporation Ltd.

Corporate Debtor

Order delivered on: 03.05.2024

Coram

Shri Prabhat Kumar Justice V.G. Bisht (Retd.) Hon’ble Member (Technical) Hon’ble Member (Judicial)

IA 1444/2021 C.P.(IB) No. 2156/MB/2019 A ppearances:

For the Applicant : Mr. Partho Sarkar, Advocate For the Respondent : Mr. Shyam Kapadia, Advocate ORDER Per: V.G. Bisht, Member (Judicial)

1. This Application IA 1133/2022 is filed by Mr. Sunil G. Kundnani (“Applicant”) against Mr. Pankaj Shyam Joshi, n the matter of KGS Sugar & Infra Corporation Limited (Corporate Debtor) under Section 60(5) of The Insolvency and Bankruptcy Code, 2016 ("Code"), seeking following reliefs :

a. To exclude the instant applicant as a respondent in LA

1444/2021.

b. Summoning the instant respondent U/rule 39 of NCLT rules.

c. Initiating of proceedings U/s 424(4)of the Companies Act r/w Sec 340 of Cr PC.

d. Appropriate reliefs in terms of prayer clause/s ’a to c and such other dir