MUMBAI - BENCH-II

[Under Sections 60 (5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of NCLT Rules, 2016}

IN THE MATTER OF:

NJS ENGINEERS INDIA PRIVATE LIMITED,

SUCCESSFUL AUCTION PURCHASER, Having its Office at

18, Shailesh Society, Karvenagar, Pune, Maharashtra-411052

…. Applicant

V/s

MAHARASHTRA STATE ELECTRICITY

DISTRIBUTION COMPANY LIMITED

Having its Registered Office at Prakashgad Plot No G-9 Aanant Kanekar Marg Bandra

(E) ,Mumbai, Maharashtra -400051

…Respondent No.1

-And-

MILIND BALKRISHNA KASODEKAR

LIQUIDATOR OF PHADNIS INFRASTRUCTURE

LIMITED

…. Respondent No.2

In

CP (IB) No. 1028 (MB) of 2017

PRAMOD MAHAJAN & 26 OTHERS

…Operational Creditor

V/s PHADNIS INFRASTRUCTURE LIMITED …Corporate Debtor Pronounced: 24.04.2025 CORAM:

HON’BLE SHRI SANJIV DUTT HON’BLE SHRI ASHISH KALIA MEMBER (TECHNICAL) MEMBER (JUDICIAL)

Appearances: Hybrid Applicant : Adv. Prakhar Tandon Respondent No.1/ MSEDCL : Adv. Anup Jain, Adv. Udit Gupta, Adv. Sneha Singh Respondent No. 2 : None ORDER [PER: ASHISH KALIA, MEMBER (JUDICIAL)]

BACKGROUND

1. The present application is filed by NJS Engineers India Private Limited, through its authorized signatory, Mr. Uday Ganapati Kelkar (hereinafter referred to as the ’Ap