I.A. (IBC) NO. 721/KB/2025 in C.P. (IB) NO. 91/KB OF 2023 An Application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, Read with Rule 11 of the National Company Law Tribunal Rules, 2016 and with Regulation 36 of the Insolvency And Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 IN THE MATTER OF:

Asset Care & Reconstruction Enterprises Limited ...Financial Creditor Versus Ankit Metal & Power Limited ...Corporate Debtor AND IN THE MATTER OF:

Kunj Bihari Steel Private Limited ...Applicant Verus Mr. Sanjeev Kumar Jalan ...Respondent Date of Pronouncement: 23.04.2026 I.A. (IBC) NO. 721/KB/2025 in C.P. (IB) NO. 91/KB OF 2023 Coram:

Smt. Bidisha Banerjee, Member (Judicial)

Cmde. Siddharth Mishra, Member (Technical)

Appearances (through hybrid mode):

For the Applicant(s)-

Mr. Mainak Bose, Sr. Adv.

Mr. Ishaan Saha, Adv.

Mr. Avishek Guha, Adv.

Ms. Ankita Agrahari, Adv.

Ms. Sweta majumdar, Adv.

Ms. A. Nayek, Adv.

For the Respondent(s)-

Mr. Ritoban Sarkar, Adv.

Mr. Ankur Singhi, Adv.

Ms. Riti Basu, Adv. Ms. Piyali Pan, Adv.

I.A. (IBC) NO. 721/KB/2025 in C.P. (IB) NO. 91/KB OF 2023

O R D E R

Per: Bidisha Banerjee, Member (Judicial)

1. I.A. (IBC.) N