# In the matter of AMUL INDUSTRIES PRIVATE LIMITED

> NCLT judgment dated 2025-11-06. Citation: TCN-2025-NCLT-01634. The Resolution Professional of Amul Industries Pvt. Ltd. filed an application under Section…

- **Court:** NCLT
- **Order date:** 6 Nov 2025
- **Citation:** TCN-2025-NCLT-01634
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/amul-industries-private-limited-7a1f21b2

## Summary

### Background

The Resolution Professional of Amul Industries Pvt. Ltd. filed an application under Section 30(6) of the Insolvency & Bankruptcy Code, 2016, seeking approval of a Resolution Plan submitted by Sandeep Vadodaria & Ors. (In Consortium).

## Facts

The application was filed under Section 30(6) of the IBC for approval of a resolution plan.

The resolution plan was submitted by Sandeep Vadodaria & Ors. (In Consortium).

The CoC approved the resolution plan with 68.18% voting share.

An Operational Creditor had filed an insolvency application under Section 9 of the Code.

The Corporate Debtor's premises were found sealed due to orders passed by the Labour Court, Rajkot.

The CoC resolved to file applications under Sections 45 & 66 of the Code.

The Letter of Intent dated 08.07.2025 was issued and unconditionally accepted by the SRA.

The payments of the government dues includes Rs.2,18,59,208/- towards 100 percent PF dues claim admitted and Rs.44,07,081/- against the GVAT dues.

…

## Issues and analysis

### Issue 1: Whether the Resolution Plan …

**Ratio:** The application is deemed to have not filed in

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**Reasoning:** The compliance to Section 53(1)(b) of IBC is not satisfactorily explained in the

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**Interpretation:** The Adjudicating Authority interpreted that the resolution plan did not meet

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**Application:** The Adjudicating Authority rejected the resolution plan due to non-compliance

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Vinod Tarachand…
- **Respondents:** Amul Industries…
- **Other parties:** Raj Radhe Finance…; CFM Asset…; +6 more
- **Advocates:** Lalit M…; Harshil L…; +2 more

## Timeline

- **08.04.2024 — Order Da…**: The Corporate Insolvency Resolution Process (“CIRP") against the Corporate Debtor which…
- **12.04.2024 — Form-A D…**: Form-A on 12.042024 wherein the last date…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 30(6) — Submission of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-30)

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