IN An application under Section 60(5) and other relevant provisions of Insolvency and Bankruptcy Code, 2016 read with rule 11 of National Company Law Tribunal Rules, 2016.

IN THE MATTER OF:

Apundarik Merchants Private Limited … Financial Creditor Versus Citylife Retail Private Limited … Corporate Debtor And IN THE MATTER OF:

Aneel Saraogi, Liquidator of Citylife Retail Private Limited … Applicant/Liquidator Versus Axis Bank Limited … Respondent Coram:

Shri Labh Singh : Member (Judicial)

Ms. Rekha Kantilal Shah : Member (Technical)

Appearances (via physical mode/virtual mode)-

For the Applicant/Liquidator i. Mr. Shaunak Mitra, Adv.

ii. Mr. Amandeep Singh, Adv.

iii. Mr. Saurav Jain, Adv.

For Axis Bank Ltd.

i. Mr. Debtanay Banerjee, Adv.

ii. Mr. Vishal Singh, Adv.

Date of Pronouncement- 21.04.2026

ORDER

Per: Rekha Kantilal Shah, Member (Technical)

1. The present application has been preferred by the Liquidator of Citylife Retail Private Limited (hereinafter referred to as “CD”)

praying for the following reliefs:-

“(A) The Hon’ble Tribunal may be pleased to direct the Respondent Bank to forthwith remove the lien of Rs. 9,70,340/- (Rupees Nine Lakhs Seventy Thousand Three Hundred and Forty only) marked