MUMBAI BENCH, COURT-I

2025 IN C.P. (IB) NO. 2205 (MB)

2019 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 State Bank of India ….Financial Creditor Versus Jet Airways India Limited ....Corporate Debtor AND In the matter of Manoj Kumar Das & Ors.

….Applicants Versus

1. State bank of India

2. Jet Airways India Limited

3. MR. SATISH KUMAR GUPTA ….Respondents Order Pronounced on 04.02.2026 Coram:

Sh. Prabhat Kumar Sh. Sushil Mahadeorao Kochey Hon’ble Member (Technical) Hon’ble Member (Judicial)

Appearances:

For the Applicant : Ms. Ronita B (for IA 4627 OF 2025) Mr. M.P.

Sahay (for IA 3426 OF 2025)

For the Financial Creditor : Mr. Ravi Kadam, Adv. Ananya Bajpai a/w Adv.

Aman Patidar For the Liquidator : Adv. Malhar Zatakia a/w Adv. Vasudev Jain and Adv. Mayank Jain

ORDER

Background of the case :

1. These two Interlocutory Application(s) being I.A. No. 3426 of 2025 and I.A. No. 4627 of 2025 in C.P. (IB) NO. 2205 (MB) 2019 are filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 ("Code") for seeking directions against the Liquidator (the Respondent herein), inter- alia for exclusion of A