# in the matter of Shree Ram Urban Infrastructure Ltd.

> NCLT judgment dated 2026-01-12. Citation: TCN-2026-NCLT-00076. This Interlocutory Application IA 1697 (IBC)/MB/2025 is filed by Mr. Pankaj R. Majithia,…

- **Court:** NCLT
- **Order date:** 12 Jan 2026
- **Citation:** TCN-2026-NCLT-00076
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/shree-ram-urban-infrastructure-ltd-89708cdc

## Summary

### Background

This Interlocutory Application IA 1697 (IBC)/MB/2025 is filed by Mr. Pankaj R. Majithia, Resolution Professional in the Corporate Insolvency Resolution Process of Shree Ram Urban Infrastructure Ltd. seeking appropriate directions against Classic Marble Company Private Limited and directions for co-operation to Station House Officer, Worli, Mumbai.

## Facts

The CIRP of Shree Ram Urban Infrastructure Ltd. commenced on 6.11.2019.

Mr. Pankaj R. Majithia was appointed as the Resolution Professional and subsequently replaced by IPE M/s Truvisory Insolvency Professionals Private Limited.

Classic Marble Company Private Limited is in occupation of a property owned by Shree Ram Urban Infrastructure Ltd. without a formal lease or license agreement.

Classic Marble Company Private Limited claims to have been in possession of the premises since 2008 based on an oral agreement with the Corporate Debtor.

Classic Marble Company Private Limited claims that a total principal amount of Rs. 1,34,86,201/- was payable by the Corporate Debtor as of April 2017.

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## Issues and analysis

### Issue 1: Whether the Tribunal has jurisdiction under Section 60(5) of the IBC to evict a tenant/lessee in …

**Ratio:** The Tribunal is vested with powers under Section 60(5) of the Code to adjudicate any

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**Reasoning:** The Respondent No. 1's occupation of the premises arises from the insolvency of the

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**Interpretation:** Section 60(5) provides the Tribunal with broad powers to address issues related

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**Application:** The Tribunal has the authority to adjudicate on the issue of eviction as it

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Pankaj R. M…; SREI EQUIPMENT…
- **Respondents:** Shree Ram Urban…; Classic Marble…; +1 more
- **Other parties:** Committee of…; IPE M/s Truvisory…; +2 more
- **Advocates:** Ahish P…; Arshu Ra…; +10 more

## Timeline

- **2019-11-06 — Commencement…**: The CIRP of the Corporate…
- **2022-12-22 — Appointment…**: This Tribunal vide Order dated 22.12.2022…

## 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)

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