# In the matter of Deepvir Enterprises & Anr. vs. Nimai Gautam Shah

> NCLAT judgment dated 2025-07-04. Citation: TCN-2025-NCLAT-00329. The Appellant submitted a Resolution Plan that was approved by 100% of the CoC, but the…

- **Court:** NCLAT
- **Order date:** 4 Jul 2025
- **Citation:** TCN-2025-NCLAT-00329
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/deepvir-enterprises-anr-vs-nimai-gautam-shah-04ab1fa2

## Summary

### Background

The Appellant submitted a Resolution Plan that was approved by 100% of the CoC, but the Adjudicating Authority rejected it.

## Facts

The Adjudicating Authority rejected the Resolution Plan submitted by the Appellant.

The Resolution Plan was approved by 100% voting share of the CoC.

The Resolution Professional and the CoC are also planning to file an appeal against the impugned order.

The Liquidator is directed not to take any further steps in pursuance of the order dated 23.06.2025.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority was correct in rejecting the Resolution Plan approved by 100% of …

**Ratio:** The Adjudicating Authority has the power to reject a Resolution Plan even if it is

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**Reasoning:** The Adjudicating Authority must ensure that the Resolution Plan complies with the

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**Interpretation:** The Adjudicating Authority's decision to reject the Resolution Plan is subject

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**Application:** The Appellant has filed an appeal against

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## Parties

- **Judges:** Ashok Bh…; N. Sesha…; +1 more
- **Appellants:** Deepvir Enterprise…
- **Respondents:** Zep Infrate…; Nimai Gauta…; +1 more
- **Advocates:** Abhijeet…; Raheel…; +12 more

## Timeline

- **2025-07-04 — Order Da…**: Learned counsel for the Appellant submits that the Adjudicating Authority rejected the…
- **2025-06-23 — Order Da…**: In the meantime, in pursuance of the order dated 23.06.2025 the Liquidator shall not take…

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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/deepvir-enterprises-anr-vs-nimai-gautam-shah-04ab1fa2