NATIONAL COMPANY LAW TRIBUNAL

COURT ROOM NO. 1

MUMBAI BENCH

Item No. 40

IA 5256/2024, IA 5122/2024 in C.P. (IB)/89(MB)2022

CORAM:

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

ORDER SHEET OF THE HEARING ON 29.10.2025

NAME OF THE PARTIES: NAGRAJ ALLOYS PRIVATE LIMITED

Under Section 10 & 25(2)(j), 43,45,47,50,60(5),66 of the Insolvency and

Bankruptcy Code, 2016 and Regulation 35A

________________________________________________________________

ORDER

IA 5122/2024

1. Adv. Yahya Batatawala for the Applicant in IA 5122/2024, IA 5256/2024

is present, Adv. Jatin Kumar, Adv. Aashray Chauddhary, Adv. Shaunak

Hiwarkhedkar for all the Respondents are present.

2. This is an Application filed by Mr. Hasti Mal Kachhara RP of Nagraj

Alloys Private Limited under Section 60(5) of the Insolvency and

Bankruptcy Code, 2016 (“Code”) seeking following reliefs:-

a. To direct the Respondents to deposit the balance CIRP cost of Rs.

23,49,057/- in view of the undertaking cum declaration given in

Affidavit dated 13.10.2023;

b. To pass such other Order or Orders as this Hon'ble Tribunal shall

deem fit and expedient.

3. The Corporate Applicant filed the Company Petition under Secti