# In the matter of SANGHVI LAND DEVELOPERS PRIVATE LIMITED

> NCLT judgment dated 2026-01-29. Citation: TCN-2026-NCLT-00106. The case involves an application (IA 176 of 2026) filed by Mr. Sanjay Ramdas Mahajan seeking…

- **Court:** NCLT
- **Order date:** 29 Jan 2026
- **Citation:** TCN-2026-NCLT-00106
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/sanghvi-land-developers-private-limited-a272a602

## Summary

### Background

The case involves an application (IA 176 of 2026) filed by Mr. Sanjay Ramdas Mahajan seeking discharge as Liquidator of the Corporate Debtor due to personal difficulties.

## Facts

Mr. Sanjay Ramdas Mahajan filed an application seeking discharge as Liquidator due to personal difficulties.

Cosmos Bank proposed a new Liquidator in place of the applicant Liquidator.

The court appointed Mr. Umesh Chandra Sahoo as the new Liquidator.

The applicant Liquidator was discharged.

## Issues and analysis

### Issue 1: Whether the application for discharge …

**Ratio:** Based on the Liquidator's unwillingness to

…

**Reasoning:** The Liquidator expressed personal

…

**Interpretation:** The court interpreted the situation as warranting a change in Liquidator to

…

**Application:** The court applied its

…

## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Bank of B…; Aditya S.…
- **Respondents:** M/S Sanghvi Land…
- **Other parties:** Umesh Chandra…; Sanjay Ramdas…
- **Advocates:** Aditya Shivswaroop…; Sanjay Ma…; +5 more

## Timeline

- **2026-01-29 — Hearing…**: Order sheet of the…
- **2026-02-11 — Next Hearin…**: Matter listed on Board…

## 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)

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