NATIONAL COMPANY LAW TRIBUNAL

COURT ROOM NO. 1,

MUMBAI BENCH

Item No. 11

IA(I.B.C)/1811( MB)2025 IN C.P. (IB)/3080(MB)2018

CORAM:

SH. PRABHAT KUMAR SH. SUSHIL MAHADEORAO KOCHEY HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL)

ORDER SHEET OF THE HEARING ON 30.07.2025

NAME OF THE PARTIES: PUNJAB NATIONAL BANK V/s UNIJULES

LIFE SCIENCES LIMITED

Section 7 & 60(5) of the Insolvency and Bankruptcy Code, 2016

________________________________________________________________

ORDER

IA(I.B.C)/1811( MB)2025

1. Adv. Malavika Sachin a/w Adv. Narpat Singh for the Applicant/Resolution

Professional present. None appear for the Income tax Department.

2. This Application has been filed by Resolution Professional of Unijules Life

Sciences Ltd., under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 and Rule 11 of National Company Law Tribunal Rules, 2016 seeking

following reliefs;

a. That this Tribunal be pleased to declare that the adjustment of pre-

CIRP tax dues against post-CIRP tax refunds by the Respondent is illegal void ad initio, and in contravention of the provisions of the

IBC.

b. That this Tribunal be pleased to direct the Respondent to forthwith

reverse the unlawful adjustment and release the refu