# In the matter of Rancom Healthcare Pvt. Ltd

> NCLAT judgment dated 2026-02-06. Citation: TCN-2026-NCLAT-00033. The appeal challenges the Adjudicating Authority's order approving the Resolution Plan…

- **Court:** NCLAT
- **Order date:** 6 Feb 2026
- **Citation:** TCN-2026-NCLAT-00033
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/rancom-healthcare-pvt-ltd-30091480

## Summary

### Background

The appeal challenges the Adjudicating Authority's order approving the Resolution Plan submitted by the Operational Creditor, M/s Mahavir Medicare, and rejecting the Appellant's Resolution Plan.

## Facts

The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor commenced after an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by the Operational Creditor.

Mr. Rajeev Ranjan Singh was appointed as the Interim Resolution Professional to conduct the insolvency process.

The Appellant, Pragiti Construction, submitted a Resolution Plan which was rejected by the Committee of Creditors.

M/s Mahavir Medicare, the Operational Creditor, was the sole member of the Committee of Creditors holding 100% voting rights.

The Adjudicating Authority approved the Resolution Plan submitted by the Operational Creditor.

The Appellant's Resolution Plan offered a higher value than the plan submitted by the Operational Creditor.

…

## Issues and analysis

### Issue 1: Whether a Resolution Applicant who is also an Operational Creditor of the CD and sole member of …

**Ratio:** Section 30(5) of the IBC prohibits a Resolution Applicant, who is not a Financial

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**Reasoning:** The object of this provision is to prevent a resolution applicant from influencing the

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**Interpretation:** The provision is interpreted to mean that an Operational Creditor cannot vote

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**Application:** The Tribunal held that the approval of the resolution plan by the CoC,

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## Parties

- **Judges:** N. Sesha…; Arun Ba…; +1 more
- **Appellants:** Pragiti Constructi…; Renu V…; +2 more
- **Respondents:** Rancom Healthcare…; Committee of…; +1 more
- **Other parties:** Committee of…
- **Advocates:** Rajat Sriv…; Milan Sing…; +8 more

## Timeline

- **2021-12-21 — CIRP Commen…**: CIRP commenced after application…
- **2023-12-23 — Public Annou…**: Public announcement…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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