Bhagawant Narayan Naik filed a civil appeal against Ritesh R. Mahajan & Anr. before the Supreme Court of India. The Resolution Professional had filed a reply dated 06.06.2024 to IA No. 417/2024 before the NCLT. The Supreme Court found no reason to interfere with the impugned judgment. The right to operate conveyor belt systems and maintain the same is treated as an asset and right of the Corporate Debtor in the proceedings pending under the Insolvency and Bankruptcy Code, 2016. The appeals were dismissed.

Bhagawant Narayan Naik filed a civil appeal against Ritesh R. Mahajan & Anr. before the Supreme Court of India. The Resolution Professional had filed a reply dated 06.06.2024 to IA No. 417/2024 before the NCLT. The Supreme Court found no reason to interfere with the impugned judgment. The right to operate conveyor belt systems and maintain the same is treated as an asset and right of the Corporate Debtor in the proceedings pending under the Insolvency and Bankruptcy Code, 2016. The appeals were dismissed.