# In the matter of Bhagawant Narayan Naik vs. Ritesh R. Mahajan & Anr.

> SC judgment dated 2025-01-16. Citation: TCN-2025-SC-00060. The case involves a civil appeal before the Supreme Court of India. The Resolution Professional…

- **Court:** SC
- **Order date:** 16 Jan 2025
- **Citation:** TCN-2025-SC-00060
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/bhagawant-narayan-naik-vs-ritesh-r-mahajan-anr-d1fff729

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. The Resolution Professional filed a reply dated 06.06.2024 to IA No. 417/2024 before the National Company Law Tribunal (NCLT).

## Facts

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.

## Issues and analysis

### Issue 1: Whether the Supreme Court should interfere with the impugned judgment of the National Company Law …

**Ratio:** The Supreme Court should not interfere with the judgments of lower courts unless there is

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**Reasoning:** The Supreme Court reviewed the reply filed by the Resolution Professional and found no

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**Interpretation:** This principle reflects the appellate court's deference to the decisions of

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**Application:** In this case, the Supreme Court applied this principle by finding no reason to

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## Parties

- **Judges:** SANJIV K…; Sanjay…; +1 more
- **Appellants:** BHAGAWANT NARAYAN…
- **Respondents:** Ritesh R. M…
- **Other parties:** Affir…

## Timeline

- **2024-06-06 — Reply Fi…**: The Resolution Professional filed a reply dated 06.06.2024 to IA No. 417/2024 before the…
- **2025-01-16 — Order Da…**: The Supreme Court…

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