# In the matter of Dharti Cotton Private Limited

> NCLT judgment dated 2025-11-10. Citation: TCN-2025-NCLT-01682. The case involves an application filed under Section 30 read with Section 31 of the Insolvency…

- **Court:** NCLT
- **Order date:** 10 Nov 2025
- **Citation:** TCN-2025-NCLT-01682
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/dharti-cotton-private-limited-4e803cc7

## Summary

### Background

The case involves an application filed under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a resolution plan submitted by the Resolution Applicant, Sonal Sumit Mehta, for the Corporate Debtor, Dharti Cotton Private Limited.

## Facts

The financial creditor filed an insolvency application under Section 7 of the IBC, which was admitted on 25.10.2024.

The public announcement inviting claims from creditors was made on 27.10.2024, with the last date for submission of claims being 11.11.2024.

The Committee of Creditors (CoC) was constituted on 14.11.2024, comprising the sole financial creditor, Raj Radhe Finance Limited.

The RP published Form G on 28.11.2024, with the last date for receiving Eol being 13.12.2024.

The applicant received a final resolution plan from Sonal Sumit Mehta on 28.02.2025, with a further addendum on 05.03.2025.

The CoC approved the Resolution Plan with 100% voting share in its 5th meeting held on 07.03.2025.

The successful resolution applicant deposited an EMD amount of Rs. 4,30,000/-.

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## Issues and analysis

### Issue 1: Whether the resolution plan complies with the …

**Ratio:** The resolution plan must comply with

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**Reasoning:** The Adjudicating Authority is required to ensure that the resolution plan meets the

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**Interpretation:** Section 30(2) sets out the conditions that a resolution plan must satisfy for

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**Application:** In this case, the Adjudicating Authority found that the resolution plan did not

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Rahul…
- **Respondents:** Dharti Cotton…
- **Other parties:** Raj Radhe Finance…; Devesh P…
- **Advocates:** Monaal Da…

## Timeline

- **2024-10-25 — Admission of Insolvency…**: The insolvency application filed by the financial creditor under Section 7 of the Code…
- **2024-10-27 — Public Annou…**: Public announcement inviting claims…

## Legal provisions

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

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