I.A. (IBC) NO. 717/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:

Sova Electrocasting Limited ...Applicant Verus Mr. Sanjeev Kumar Jalan ...Respondent Date of Pronouncement: 23.04.2026 I.A. (IBC) NO. 717/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. 717/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.) No. 717/KB/2025

1.1 The application numbered I.A. (IBC.) No. 717/KB/2025 (hereinafter referred to as the 'said application') has been preferred by the Resolution Professional (RP) of the Corporate Debtor Ankit Metal & Power Limited against Sova Electrocasting Limited, the applicant herein. The prayers in I.A. (IBC.) No. 717/KB/2025 are as under:

a. Order directing Respondent No. 1 to make payment of the Lease Rentals since July, 2024 amounting to Rs. 1,09,54,900 (Rupees One Crore Nine Lakhs Fifty Four Thousand and Nine Hundred) along with interest of 12% p.a.

b. Order directing the Respondent No. 1 to vacate and handover the peaceful possession of the Said Premises and its machineries, equipment, tools and tackles to the Applicant herein the same conditions as it was handed over to in (subject to normal wear and tear), and return all keys, access cards, and property belonging to the Applicant within 03 days from passing of this order.

c. Pass necessary directions upon the Officer, in-Charge of the Chhatna Police Station, Saltora, Bankura, Pin-722132 to provide necessary assistance to the Applicant for taking physical possession and control of the Said Premises.

d. Ad-interim in terms of prayer above.

e. Such further or other order or orders and/or direction or directions as this Hon'ble Tribunal may deem fit and proper.

2. I.A. (IBC) NO. 1027/KB/2025

2.1 The present application numbered I.A. (IBC) NO. 1027/KB/2025 has been filed by the Applicant herein under Section 60(5) of the IB Code, 2016 read with Rule 11 of the NCLT Rules, 2016, inter alia, seeking an I.A. (IBC) NO. 717/KB/2025 in C.P. (IB) NO. 91/KB OF 2023 order of dismissal of I.A. (IBC.) NO. 717/KB/2025 for want of jurisdiction, alleging that this Adjudicating Authority is not empowered to grant prayers as sought for in the I.A. (IBC.) No. 717/KB/2025

3. BRIEF BACKGROUND

3.1 The Corporate Debtor, i.e., Ankit Metal & Power Limited, was admitted for Corporate Insolvency Resolution Process by an order passed by this Tribunal on 3rd May 2024. By the said order Mr. Kshitiz Chhawchharia was appointed as the Interim Resolution Professional.

3.2 Mr. Kshitiz Chhawchharia constituted the Committee of Creditors (CoC)

on 24th May 2024 and the CoC in its 5th meeting dated 27th August 2024 decided to appoint Mr. Sanjeev Kumar Jalan, as the Resolution Professional.

3.3 Further by an order dated 12th September 2024, this Tribunal appointed the present RP, being the Respondent herein, as the Resolution Professional in the present Corporate Insolvency Resolution Process (CIRP) of Ankit Metal & Power Limited.

3.4 On and from 1st October 2024, the present Resolution Professional started functioning as the Resolution Professional (‘RP’).

3.5 It is an admitted fact that on 20th April 2024, prior to the appointment of the present RP,