Under Sections 60(5) of the Insolvency and Bankruptcy Code, 2016 r/w Rule 11 Bank of Maharashtra Asset Recovery Branch, Nagpur Through its Authorised Signatory ...Applicant V/s Mr. Amit C. Poddar Resolution Professional of Unijules Life Sciences Ltd. & Ors.

…Respondent In the matter of COMPANY PETITION (IB) NO. 3080 OF 2018 PUNJAB NATIONAL BANK …Petitioner V/s UNIJULES LIFE SCIENCES LIMITED …Respondent Order delivered on: 09.01.2026 Coram Shri Prabhat Kumar Shri Sushil Mahadeorao Kochey Hon’ble Member (Technical) Hon’ble Member (Judicial)

COMPANY PETITION (IB) NO. 3080 OF 2018 Appearance:

For the Applicant : Adv. Adv. B.N. Chaitanya For the Respondent No.1 : Adv. Rohit Gupta, a/w Adv. Narpat Singh For the Respondent No.2 : Adv. Amit Tungare

ORDER

1. This Application IA 3979/2025 was filed by Bank of Maharashtra Asset Recovery Branch, Nagpur through its Authorised Signatory (“Applicant”), under section 60(5) of the Insolvency and Bankruptcy Code 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016 (“IBC”) in the Corporate Insolvency Resolution Process (“CIRP”) of the Unijules Life Sciences Limited (“Corporate Debtor”), seeking following reliefs:-

a) That this Hon'ble Tribunal be pleased to direct the Respondents to recognise the Charge of the Applicant Bank of Maharashtra over the "Current Assets" of the Corporate Debtor at par with other Creditors and accordingly formulate the Distribution Pattern;

b) That this Hon’ble Tribunal be pleased to consider the legality, validity and propriety of the Resolution Professional’s decision to not consider the Charge of the Applicant Bank of Maharashtra as Secured Creditor at par over the “Current Assets” of the Corporate Debtor and be pleased to quash and set aside the same;

c) That this Hon’ble Tribunal be pleased to consider the legality, validity and propriety of the Resolution Plan approved in the 39th CoC Meeting and the legality, validity and propriety of COMPANY PETITION (IB) NO. 3080 OF 2018 the Distribution Pattern as approved in the 40^th CoC Meeting and after considering the same, be pleased to quash and set aside the same for not considering the Charge of the Applicant Bank of Maharashtra over the Current Assets of the Corporate Debtor at par with other Creditors;

d) Pending the hearing and final disposal of the present Application, the Distribution Pattern approved in the 40^th CoC Meeting without considering the Charge of the Applicant Bank of Maharashtra over the Current Assets of the Corporate Debtor at par with other creditors, be stayed;

e) Pending the hearing and final disposal of the present Application this Hon'ble Tribunal be pleased to stay the implementation and effect of the resolution plan approved in the 39th CoC Meeting;

f) Pending the hearing and final disposal of the present Application this Hon'ble Tribunal be pleased to direct the Resolution Professional not to distribute or disburse any amounts in accordance with the distribution pattern approved in the 40^th CoC meeting, pending adjudication of the rights of the Applicant Bank;

g) That this Hon'ble Tribunal be pleased to direct the Resolution Professional and/or the Successful Resolution Applicant to deposit the portion of the Resolution Plan proceeds relatable to the share of the Applicant Bank as may arise from its pari passu charge over the current assets of the Corporate Debtor considered at par with the other Creditors, into a separate escrow account;

COMPANY PETITION (IB) NO. 3080 OF 2018 h) Pass such other and further orders as this Hon’ble Tribunal may deem fit and proper in the facts and circumstances of the case.

2. The instant Interlocutory Application is preferred by the Applicant seeking directions against the Respondents viz. Resolution professional (“Respondent No. 1”), Committee of Creditors of Corporate Debtor (“Respondent No. 2), and Successful Resolution Applicant (Respondent No. 3) , inter alia after considering the acts of the RP and the CoC, direct them to formulate the distribut