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2026 Supreme(Online)(NCLT) 729

NATIONAL COMPANY LAW TRIBUNAL
State Bank of India – Appellant
Versus
Mr. Satish Kumar Gupta – Respondent


Advocates:
For the Petitioner:INDRANIL DESHMUKH
For the Respondent:AZB & PARTNERS

MUMBAI BENCH, COURT-I I.A. NO. 4757 OF 2025 IN Under section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the National Company Law Tribunal Rules, 2016; and In the matter of State Bank of India (for and on behalf of the Assenting Financial Creditors of Jet Airways (India) Limited)

….Applicant Versus Mr. Satish Kumar Gupta, Liquidator of Jet Airways (India)

Ltd.

....Respondent In the matter of State Bank of India ….Financial Creditor Versus Jet Airways (India) Limited ….Corporate Debtor Order Pronounced on 03.02.2026 Coram:

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

Appearances:

For the Applicant : Sr. Adv. Ravi Kadam a/w Adv. Anush Mathkar, Adv. Mehul Kumar, Adv. Ananya Bajpai i/b Cyril Amarchand Mangaldas For the Respondent : Mr. Malhar Zatakia a/w Adv. Nichant Upadhyay, Adv. Vasudha Jain & Adv. Mayank Jain

ORDER

Background of the case :

1. This Interlocutory Application being I.A. No. 4757 of 2025 in C.P. (IB)

NO. 2205 (MB) 2019 is being filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 ("Code") for seeking directions against the Liquidator (the Respondent herein), pending hearing and th

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