# In the matter of Dharti Proteins Limited

> NCLT judgment dated 2025-04-07. Citation: TCN-2025-NCLT-01009. The application, IA No. 503 of 2025, was filed on 30.03.2025 by Mr. Amrish Gandhi, the…

- **Court:** NCLT
- **Order date:** 7 Apr 2025
- **Citation:** TCN-2025-NCLT-01009
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/dharti-proteins-limited-ae4b62af

## Summary

### Background

The application, IA No. 503 of 2025, was filed on 30.03.2025 by Mr. Amrish Gandhi, the Resolution Professional (RP) of the Corporate Debtor, Dharti Proteins Limited, under Section 12(2) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC), Rules 11, 15, 51, and 153 of the NCLT Rules, 2016, and Regulation 40C of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

## Facts

IA No. 503 of 2025 was filed on 30.03.2025 by Mr. Amrish Gandhi, the Resolution Professional (RP) of Dharti Proteins Limited.

The application sought condonation of a 5-day delay in filing the application (from 25.03.2025 to 30.03.2025).

The application also sought an extension of the CIRP by 60 days beyond the current timeline of 330 days.

Five revised Resolution Plans are under active consideration.

The CoC approved a further 60-day extension in their 8th meeting on 25.03.2025.

The Tribunal granted a 30-day extension to the CIRP, effective from 07.04.2025.

## Issues and analysis

### Issue 1: Whether the 5-day delay in filing IA …

**Ratio:** The Tribunal found the delay

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**Reasoning:** The Tribunal considered the progress made

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**Interpretation:** Condonation of delay is permissible when the delay is minimal and does not

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**Application:** The 5-day delay was

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## Parties

- **Judges:** Kiran Martin…; SHAMMI…; +1 more
- **Appellants:** Goenka Business &…; Amrish G…
- **Respondents:** Dharti Proteins…
- **Other parties:** Kiran Marti…
- **Advocates:** Nipun Si…

## Timeline

- **2025-03-25 — 8th CoC M…**: CoC approved a further…
- **2025-03-30 — Application…**: IA No. 503 of 2025 filed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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