# In the matter of REXSONA TILES PRIVATE LIMITED

> NCLT judgment dated 2025-12-08. Citation: TCN-2025-NCLT-01790. The case involves an application filed by the Resolution Professional (RP) of M/s Rexsona Tiles…

- **Court:** NCLT
- **Order date:** 8 Dec 2025
- **Citation:** TCN-2025-NCLT-01790
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/rexsona-tiles-private-limited-a1b2d14e

## Summary

### Background

The case involves an application filed by the Resolution Professional (RP) of M/s Rexsona Tiles Private Limited (Corporate Debtor) under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan.

## Facts

M/s Bell Impex filed an application under Section 9 of the IBC, 2016, which initiated the CIRP against Rexsona Tiles Pvt. Ltd.

The CIRP was initiated against the Corporate Debtor on 06.12.2024.

Mr. Iqbal Singh Gandhi was initially appointed as the Interim Resolution Professional (IRP).

The Committee of Creditors (CoC) was formed, with M/s. Mahadev Construction Private Limited as the sole member, holding 100% voting share.

Mr. Vinod Tarachand Agrawal replaced Mr. Iqbal Singh Gandhi as the Resolution Professional (RP).

The RP received resolution plans from M/s. Sarang Industries and Mrs. Sonal Sumit Mehta.

The CoC approved the resolution plan submitted by Mrs. Sonal Sumit Mehta with 100% assent.

The resolution plan proposed a total payment of Rs. 53,00,000/-.

…

## Issues and analysis

### Issue 1: Whether the resolution plan complies with the requirements of Section 30(2) of the Insolvency and …

**Ratio:** The resolution plan must provide for the payment of insolvency resolution process costs,

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**Reasoning:** The Adjudicating Authority found that the resolution plan did not adequately address the

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**Interpretation:** Section 30(2) sets out the mandatory requirements for a resolution plan to be

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**Application:** The Adjudicating Authority determined that the resolution plan failed to meet

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## Parties

- **Judges:** SHAMMI…; SANJEEV S…
- **Appellants:** Vinod Tarachand…
- **Respondents:** Rexsona Tiles…
- **Other parties:** Mahadev Constructi…; DhirajBhai…; +8 more
- **Advocates:** Jaimin…; Hirva…

## Timeline

- **2024-03-04 — Application under…**: M/s Bell Impex filed an application…
- **2024-12-06 — CIRP Init…**: CIRP was initiated…

## 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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