# Approval of Resolution Plan - Digital Integrated Technologies Private Limited

> NCLT judgment dated 2025-06-12. Citation: TCN-2025-NCLT-01064. The Interlocutory Application bearing IA No. (Plan) 01/2025 was filed on 28.03.2025 by Mr.…

- **Court:** NCLT
- **Order date:** 12 Jun 2025
- **Citation:** TCN-2025-NCLT-01064
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/approval-of-resolution-plan-digital-integrated-technologies-private-limited-d1d34322

## Summary

### Background

The Interlocutory Application bearing IA No. (Plan) 01/2025 was filed on 28.03.2025 by Mr. Rajiv Bajaj, the Resolution Professional (RP) of M/s. Digital Integrated Technologies Private Limited, seeking approval of the Resolution Plan.

## Facts

IA (IBC) (PLAN) 01 of 2025 was filed on 28.03.2025.

The application was filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016.

The underlying Company Petition CP (IB) No.133/ALD/2019 was filed by M/s Amour Infrastructure LLP.

The Corporate Debtor was admitted into CIRP on 30.10.2024.

Mr. Rajiv Bajaj was appointed as IRP and subsequently as RP.

The CoC approved the Resolution Plan with 80.57% votes in favor.

The Resolution Plan was submitted by Mr. Drishya Aggarwal.

The Resolution Plan size is approximately Rs.20,50,000/-.

The Resolution Applicant has provided the performance security of Rs.5,00,000/-.

## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by …

**Ratio:** The Resolution Plan can be approved if it meets the requirements of Section 31(1) of the

…

**Reasoning:** The Tribunal observed that the Resolution Plan was approved by the CoC with the requisite

…

**Interpretation:** The Tribunal interpreted Section 31(1) to mean that if the Resolution Plan

…

**Application:** The Tribunal applied Section 31(1) and approved the Resolution Plan, subject to

…

## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Rajiv Bajaj,…; Rajiv B…; +1 more
- **Respondents:** M/S Digital…
- **Other parties:** State Bank of…; Triveni Plywood…; +1 more
- **Advocates:** Sh. Yash…

## Timeline

- **2025-03-28 — Filing of IA (IBC)…**: The Interlocutory Application bearing…
- **2019-N/A — Filing of CP (IB)-133/AL…**: The underlying Company Petition CP (IB) No.133/ALD/2019 was filed by M/s Amour…

## 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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