MUMBAI BENCH-I COMP.APPL/ 302(MB)2025 and COMP.APPL/334(MB)2025 in CP/3638(MB)2018 Under section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 and 32 of the National Company Law Tribunal Rules, 2016; and In the matter of Mr. D Rajeev Joseph ….Applicant Versus Indo Enviro Integrated Solutions Limited.

.....Respondent no. 1 IL&FS, Through its Managing Director .....Respondent no. 2 Ministry of Corporate Affairs, Union of India .…Respondent no. 3 And in the original matter of Union of India, Ministry of Corporate Affairs, through office of Regional Director ….Petitioner Versus Infrastructure Leasing and Financial Services Ltd.

….Respondent Order Pronounced on 15.05.2026 Coram:

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

Appearances:

For the Applicant : Adv. Pallavi Parmar for Respondent No. 1 : Adv. Carina Arora, Adv. Anusha Nagarajan and Adv. Aakanksha Bhola i/b Olive Law For the IL&FS : Adv. Niket Mehta a/w Adv. Keshav Bansal

ORDER

Per: Coram Background of the case :

1. The Company Application No. 302 of 2025 in Company Petition No. 3638 of

2018 has been filed under Section 60(5) of the Insolvency and Bankruptcy C