# Approval of Resolution Plan - Nayati Healthcare & Research Private Limited

> NCLT judgment dated 2025-11-18. Citation: TCN-2025-NCLT-01851. The case involves an application (IA (IBC) (Plan) No. 3 of 2025) filed on behalf of Mr. Vikram…

- **Court:** NCLT
- **Order date:** 18 Nov 2025
- **Citation:** TCN-2025-NCLT-01851
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/approval-of-resolution-plan-nayati-healthcare-research-private-limited-90d50f11

## Summary

### Background

The case involves an application (IA (IBC) (Plan) No. 3 of 2025) filed on behalf of Mr. Vikram Bajaj, the Resolution Professional, seeking approval of the Resolution Plan for M/s. Nayati Healthcare and Research Private Limited (Corporate Debtor) under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016.

## Facts

Mistcold Sales and Services Private Limited, an Operational Creditor, filed the main Company Petition (CP(IB)No.147/Chd/Hry/2018) against Nayati Healthcare and Research Private Limited (Corporate Debtor).

The Corporate Debtor's CIRP was initiated on 22.12.2023, and Mr. Arvind Mittal was appointed as the Interim Resolution Professional (IRP).

The IRP constituted the Committee of Creditors (CoC) and filed I.A. No. 593 of 2024, which was allowed on 15.02.2024.

The CoC decided to replace the existing IRP, Mr. Arvind Mittal, with Mr. Vikram Bajaj as the Resolution Professional (RP).

The Applicant (Vikram Bajaj) published FORM G on 16.05.2024, inviting EOI from PRAs, with a submission deadline of 30.07.2024.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Anshu Hospital Limited meets the requirements of Section …

**Ratio:** Section 30(2) of the IBC outlines the requirements that a resolution plan must meet for

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**Reasoning:** The Adjudicating Authority conducted a thorough compliance check of the Resolution Plan

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**Interpretation:** The Adjudicating Authority interpreted Section 30(2) to require a comprehensive

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**Application:** The Adjudicating Authority found that the Resolution Plan duly followed all the

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## Parties

- **Judges:** KHETRABASI…; Sh. Shishir…
- **Appellants:** Mistcold Sales &…; Vikram…
- **Respondents:** M/S Nayati…
- **Other parties:** JC Flower Asset…; Punjab National…; +9 more
- **Advocates:** Abhishek…; Karan K…; +2 more

## Timeline

- **2018 — Filing of Company…**: Main Company Petition bearing CP(IB)No.147/Chd/Hry/2018 was filed by Mistcold Sales and…
- **2023-12-22 — Initiation…**: CIRP was initiated…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/approval-of-resolution-plan-nayati-healthcare-research-private-limited-90d50f11