NATIONAL COMPANY LAW TRIBUNAL

COURT ROOM NO. 1,

MUMBAI BENCH

Item No. 1

IA(I.B.C)/5668( MB)2025 in C.P. (IB)/1049(MB)2019

CORAM:

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

ORDER SHEET OF THE HEARING ON 09.12.2025

NAME OF THE PARTIES: IA(I.B.C)/5668(MB)2025 – Mr. Sanjay

Ramdas Mahajan Liquidator of Sanghvi Land Developers Private Limited IN THE MATTER OF BANK OF BARODA V/s

SANGHVI LAND DEVELOPERS PVT LTD

Section 7 of the Insolvency and Bankruptcy Code, 2016 & Regulation 44(2),

Liquidation process Regulations, 2016

__________________________________________________________________

ORDER

IA(I.B.C)/5668( MB)2025 in C.P. (IB)/1049(MB)2019

1) Ms. Sushama Satpute, Ld. Counsel for the Applicant/Liquidator of

the Corporate Debtor is present.

2) The present Interlocutory Application has been filed by the

Applicant/Liquidator of the Corporate Debtor and the limited prayer in this Application is for extension of the Liquidation period by One

Year from 28.11.2025.

3) Ld. Counsel for the Applicant submits that the Liquidation Period expired on 27.11.2025. It is further submitted that Properties of the Corporate Debtor are yet to be liquidated and some recover