# In the matter of Sanghvi Land Developers Private Limited

> NCLAT judgment dated 2026-04-07. Citation: TCN-2026-NCLAT-00081. Manoj Chandrakant Jagirdar filed an Interlocutory Application under Section 60(5) of the…

- **Court:** NCLAT
- **Order date:** 7 Apr 2026
- **Citation:** TCN-2026-NCLAT-00081
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-mumbai-bench-i/sanghvi-land-developers-private-limited-7d2e0aa5

## Summary

### Background

Manoj Chandrakant Jagirdar filed an Interlocutory Application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking the removal of Shop No. 004A from the list of properties belonging to Sanghvi Land Developers Private Limited, the Corporate Debtor, which is undergoing liquidation.

## Facts

Manoj Chandrakant Jagirdar filed an application seeking removal of Shop No 004A from the list of properties of Sanghvi Land Developers Private Limited, the Corporate Debtor.

The applicant claims ownership of Shop No. 004A based on a Development Agreement dated 25.10.2002, a Memorandum of Understanding dated 13.10.2012, an Allotment Letter, and a Possession Letter both dated 15.10.2012.

Bank of Baroda, the Respondent No.1, is a financial creditor who initiated CIRP against the Corporate Debtor.

Sanghvi Land Developers Private Limited, the Respondent No.2, is the Corporate Debtor represented by Liquidator Sanjay Ramdas Mahajan (later replaced by Mr. Umesh Chandra Sahoo).

…

## Issues and analysis

### Issue 1: Whether Shop No. 004A, situated at Sanghvi Square Mall, Ghatkopar (West), Mumbai, forms part of the …

**Ratio:** The liquidator cannot proceed to auction the said property unless he has cogent evidences

…

**Reasoning:** The NCLT noted that the applicant was handed over the possession and control of the shop

…

**Interpretation:** The powers of the Insolvency Professional under Section 18 and Section 25 of

…

**Application:** The NCLT directed the liquidator to refrain from auctioning the said shop 004A

…

## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Manoj Chandrakant…
- **Respondents:** Sanghvi Land…; Bank of B…
- **Other parties:** Akansha Ashish…; Sanjay Ramdas…; +1 more
- **Advocates:** Aman Kac…; Sakshi Ag…; +1 more

## Timeline

- **25.11.2025 — Application…**: The Interlocutory Application was…
- **20.09.2025 — Eviction…**: The Applicant was issued an eviction notice…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-mumbai-bench-i/sanghvi-land-developers-private-limited-7d2e0aa5