# In the matter of Girish Siriram Juneja & Ors. vs. Soneko Marketing Pvt. Ltd. & Ors.

> NCLAT judgment dated 2025-07-08. Citation: TCN-2025-NCLAT-00327. The case involves multiple Company Appeals challenging orders related to the Corporate…

- **Court:** NCLAT
- **Order date:** 8 Jul 2025
- **Citation:** TCN-2025-NCLAT-00327
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/girish-siriram-juneja-ors-vs-soneko-marketing-pvt-ltd-ors-c4911419

## Summary

### Background

The case involves multiple Company Appeals challenging orders related to the Corporate Insolvency Resolution Process (CIRP) of Hindustan National Glass & Industries Limited. The CIRP commenced on 21.10.2021. The Resolution Plan of AGI Greenpac Pvt. Ltd. was initially approved but later rejected by the Supreme Court due to lack of prior CCI approval. Subsequent intervention petitions and conflicting opinions within the Adjudicating Authority led to the present appeals.

## Facts

The CIRP against Hindustan National Glass & Industries Limited commenced on 21.10.2021.

Girish Siriram Juneja was appointed as Interim Resolution Professional and later confirmed as Resolution Professional.

AGI Greenpac Pvt. Ltd.'s Resolution Plan was initially approved by the CoC with 98% vote share on 27.10.2022.

The Supreme Court rejected AGI Greenpac's Resolution Plan due to the lack of prior CCI approval.

Respondent No.1, an Operational Creditor, filed Intervention Petition No.5 of 2025 seeking intervention and removal of the Resolution Professional.

The Adjudicating Authority passed conflicting orders on 30.04.2025, with the Judicial Member directing the IBBI to remove the RP, and the Technical Member disagreeing.

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## Issues and analysis

### Issue 1: Whether there was a majority opinion on Point …

**Ratio:** There was no majority

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**Reasoning:** The reference order did not include Point No.(iii) as a point of difference. The

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**Interpretation:** The Adjudicating Authority erred in disposing of the Intervention Petition

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**Application:** The order disposing of the Intervention Petition on Point No.(iii) is

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## Parties

- **Judges:** Ashok Bh…; N. Sesha…; +1 more
- **Appellants:** Girish Siriram…; Committee of…
- **Respondents:** HINDUSTHAN…; Soneko Marketing…
- **Other parties:** Exclusive Capital…; Respondent…
- **Advocates:** Navin P…; Gautam Na…; +33 more

## Timeline

- **2021-10-21 — Commencement…**: Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor- Hindustan…
- **2022-10-27 — Approval of Resolution…**: The Resolution Plan submitted by AGI Greenpac Pvt. Ltd. (“AGI”) was approved by the CoC…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 31 — Approval of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-31)

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