In Company Petition (IB) No. 43/KB/2023 IN THE MATTER OF:

An Application under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016.

IN THE MATTER OF:

UCO Bank …. Financial Creditor Versus M/s. Sarita Steel & Power Limited …. Corporate Debtor And IN THE MATTER OF:

Suspended Board of M/s. Sarita Steel & Power Limited, through Mr. Vipul Mehra …Applicants Versus Mr. Sanjeev Kumar Jalan & Ors.

…Respondents Date of Pronouncement: 07.05.2026 CORAM:

SMT. BIDISHA BANERJEE, HON’BLE MEMBER (JUDICIAL)

CMDE SIDDHARTH MISHRA, HON’BLE MEMBER (TECHNICAL)

APPEARANCE:

For the Applicant:

Mr. Ratnanko Banerji, Sr. Adv.

Mr. Ishaan Saha, Adv.

Ms. Somali Mukhopadhyay, Adv.

For the COC:

Mr. Joy Saha, Sr. Adv.

Ms. Pooja Chakraborti, Adv.

Ms. Kiran Sharma, Adv.

Mr. Soorjya Ganguli, Adv.

For Respondent No. 1 (RP):

Mr. Ankur Singhi, Adv.

Ms. Piyali Pan, Adv.

In Company Petition (IB) No. 43/KB/2023 For Respondent No. 3: Mr. Vikash Singh, Adv.

Mr. Sudarshan Kumar Agarwal, Adv.

Ms. Ditsha Dhar, Adv.

Mr. Debanjan Paul, Adv.

ORDER

Per: Smt. Bidisha Banerjee, Member (Judicial)

1. This Court congregated through a hybrid mode.

2. Heard the Learned Counsels for both parties.

3. The instant applica