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

> NCLT judgment dated 2025-11-18. Citation: TCN-2025-NCLT-01664. The case involves an application (IA (IBC) (Plan) No. 3 of 2025) filed by Mr. Vikram Bajaj, the…

- **Court:** NCLT
- **Order date:** 18 Nov 2025
- **Citation:** TCN-2025-NCLT-01664
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/approval-of-resolution-plan-nayati-healthcare-research-private-limited-c7fb4f10

## Summary

### Background

The case involves an application (IA (IBC) (Plan) No. 3 of 2025) filed by Mr. Vikram Bajaj, the Resolution Professional, for M/s. Nayati Healthcare and Research Private Limited (Corporate Debtor) under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Anshu Hospital Limited (Successful Resolution Applicant). The original Company Petition (CP(IB) No. 147/Chd/Hry/2018) was filed by Mistcold Sales and Services Private Limited (Operational Creditor) against the Corporate Debtor and was admitted on 22.12.2023.

## Facts

Mistcold Sales and Services Private Limited filed the original Company Petition (CP(IB) No. 147/Chd/Hry/2018) against Nayati Healthcare and Research Private Limited.

The Corporate Insolvency Resolution Process (CIRP) was initiated on 22.12.2023.

Mr. Arvind Mittal was initially appointed as the Interim Resolution Professional (IRP) and later replaced by Mr. Vikram Bajaj as the Resolution Professional (RP).

The Committee of Creditors (CoC) was constituted, and its composition was revised after the admission of claims from CISCO System Capital (1) Pvt. Ltd. and Canara Bank.

The CoC approved the Resolution Plan submitted by Anshu Hospital Limited with 72.73% votes in favor.

The Resolution Plan involves a total consideration of Rs. 120 crores.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan meets the …

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

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

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**Interpretation:** The Resolution Plan must adhere to the order of priority specified in Section

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

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## Parties

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

## Timeline

- **2018-N/A-N/A — Company Pe…**: CP(IB) No. 147/Chd/Hry/2018 was filed by…
- **2023-12-22 — Initiation…**: Date of Initiation of CIRP for Nayati…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 43 — Preferential transactions and relevant time](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-43)

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