An Application under section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the National Company Law Tribunal

Rules, 2016;

In the Matter of:

Canara Bank Limited

…Financial Creditor

And

Riverbank Developers Private Limited

….Corporate Debtor

And

In the matter of:

Kasinath Sardar residing at Flat No. N3, ‰ S.N. Roy Road, Kolkata – 700

038.

….Applicant

Versus

Asish Chhawchharia, Insolvency Professional bearing IBBI Registration No. IBBI/IPA-001/IP-P00294/2017-18/10538 and Resolution Professional of Riverbank Developers Private Limited, having his office at Grant Thorton, Unit 1603 & 1604, Eco Centre, Plot No. 4 Street No.

13, EM Block, Sector-V, Bidhannagar, Kolkata – 700 091.

Date of Pronouncement of order: 03.12.2025

Coram:

Smt. Bidisha Banerjee : Member (Judicial)

Cmde. Siddharth Mishra : Member (Technical)

Counsel appeared physically / through video Conferencing

Ms. Urmila Chakraborty, Adv. ] For the Applicant

Mr. Rabindra Kumar Mitra, Adv. ] in IA(I.B.C)/1388(KB)2025

Mr. Saurav Mallick, Adv. ] Mr. Riyanshu Agarwal, Adv. ]

Ms. Kiran Sharma, Adv. ] For the Resolution Professional Mr. Soorjya Ganguli, Adv. ]

ORDER

Per Bidisha Banerjee, Member (Judicial):

1. The Court convened through