# Pragiti Construction, Through Proprietor Renu Verma vs. Committee of Creditor Represented by Mahavir Medicare & Anr.

> NCLAT judgment dated 2026-07-06. Citation: TCN-2026-NCLAT-00245. Mr. Rajeev Ranjan Singh, the erstwhile Resolution Professional (RP) of Rancom Healthcare Pvt.…

- **Court:** NCLAT
- **Order date:** 6 Jul 2026
- **Citation:** TCN-2026-NCLAT-00245
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/pragiti-construction-through-proprietor-renu-verma-vs-committee-of-creditor-repr-9lnjy

## Summary

### Background

Mr. Rajeev Ranjan Singh, the erstwhile Resolution Professional (RP) of Rancom Healthcare Pvt. Ltd., filed Interlocutory Applications (IAs) before the NCLAT seeking expungement of adverse observations and strictures recorded against him in paragraph 99 of a NCLAT judgment dated 06.02.2026. This judgment, arising from appeals filed by Pragiti Construction, had set aside the approval of a Resolution Plan and directed liquidation, while also making remarks against the RP's conduct during the Corporate Insolvency Resolution Process (CIRP). The RP had previously approached the Supreme Court, which granted him liberty to seek expungement from the NCLAT.

## Facts

I.A. Nos. 2480 & 2481 of 2026 were filed by Mr. Rajeev Ranjan Singh, erstwhile Resolution Professional of Rancom Healthcare Pvt. Ltd.

The applications seek expungement of observations and strictures against him in paragraph 99 of the NCLAT judgment dated 06.02.2026.

The original NCLAT judgment was passed in Company Appeal (AT) (Ins.) Nos. 2330 and 2331 of 2024, titled Pragiti Construction v. Committee of Creditors of Rancom Healthcare Pvt. Ltd.

The appeals arose from Adjudicating Authority orders dated 12.11.2024, which approved Mahavir Medicare's Resolution Plan and rejected Pragiti Construction's plan.

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## Issues and analysis

### Issue 1: Whether a Resolution Applicant who is also an Operational Creditor of the Corporate Debtor and the …

**Ratio:** The NCLAT, in its original judgment, concluded that approval of a Resolution Plan by a

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**Reasoning:** The Appellant (RP) argued that Regulation 16(4) of CIRP Regulations, supported by Section

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**Interpretation:** Regulation 16(4) grants Operational Creditors in a sole-OC CoC the same rights

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**Application:** The NCLAT found that the RP's actions, while based on an understanding of

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## Parties

- **Judges:** Indevar P…; N. Sesha…; +1 more
- **Appellants:** Pragiti Constructi…; Renu V…; +1 more
- **Respondents:** Rancom Healthcare…; Committee of…; +1 more
- **Other parties:** Committee of…; Mahavir Me…
- **Advocates:** Milan Sing…; Nikhil Kum…; +2 more

## Timeline

- **2023-12-21 — CIRP Commencement & IRP…**: The Corporate Insolvency Resolution Process of Rancom Healthcare Pvt. Ltd. commenced, and…
- **2024-06-07 — Resolution Plan…**: The Resolution Plan submitted by Mahavir Medicare was approved by the sole-member…

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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/pragiti-construction-through-proprietor-renu-verma-vs-committee-of-creditor-repr-9lnjy