# In the matter of Classic Marble Company Pvt. Ltd. vs. Truvisory Insolvency Professionals Pvt. Ltd. & Anr.

> NCLAT judgment dated 2026-03-27. Citation: TCN-2026-NCLAT-00056. This appeal challenges an order dated 12.01.2026 by the Adjudicating Authority (National…

- **Court:** NCLAT
- **Order date:** 27 Mar 2026
- **Citation:** TCN-2026-NCLAT-00056
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/classic-marble-company-pvt-ltd-vs-truvisory-insolvency-professionals-pvt-ltd-anr-4a3b5d17

## Summary

### Background

This appeal challenges an order dated 12.01.2026 by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench-1, in IA (I.B.C) 1697(MB)2025 in CP(IB) 494/MB/2019. The application was filed by the Resolution Professional of the Corporate Debtor, Shree Ram Urban Infrastructure Ltd., seeking eviction of the Appellant.

## Facts

The Corporate Debtor, Shree Ram Urban Infrastructure Ltd., permitted the Appellant to set up a sales office on its premises in 2008.

The Appellant was initially supplying marbles and stones exclusively to the Corporate Debtor but later catered to other customers.

A winding-up petition was filed against the Corporate Debtor in 2015, and an Official Liquidator was appointed in 2016.

The Official Liquidator sought possession of the premises from the Appellant in 2019.

The Appellant filed a Company Application before the Bombay High Court seeking a restraint order against taking possession, but no written order was passed.

CIRP against the Corporate Debtor commenced on 06.11.2019, initiated by Srei Equipment Finance Ltd.

…

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority had …

**Ratio:** The Adjudicating Authority has jurisdiction to entertain the application filed by the

…

**Reasoning:** The Resolution Professional has a duty under Section 18(1)(f) and Section 25 of the IBC

…

**Interpretation:** The IBC grants the Adjudicating Authority broad powers to ensure the smooth

…

**Application:** The Adjudicating Authority correctly exercised its jurisdiction in directing

…

## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Classic Marble…; Action Barter Pvt…
- **Respondents:** Shree Ram Urban…; Truvisory…
- **Other parties:** SREI EQUIPMENT…
- **Advocates:** Abhijeet…; Abhishek…; +8 more

## Timeline

- **2008-02/03 — Permission to set up…**: Corporate Debtor permitted the Appellant to…
- **2015 — Winding-up P…**: A winding-up petition was filed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

---

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-new-delhi/classic-marble-company-pvt-ltd-vs-truvisory-insolvency-professionals-pvt-ltd-anr-4a3b5d17