# Approval of Resolution Plan - Raghupati Construction Private Limited

> Read the full IBC case summary for Approval of Resolution Plan - Raghupati Construction Private Limited. NCLT judgment dated 2025-11-03. Citation:…

- **Court:** NCLT
- **Order date:** 3 Nov 2025
- **Citation:** TCN-2025-NCLT-01644
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/approval-of-resolution-plan-raghupati-construction-private-limited-9ad22687

## Summary

### Background

The application was filed by the Resolution Professional for the approval of the Resolution Plan for Raghupati Construction Private Limited, which was undergoing Corporate Insolvency Resolution Process (CIRP) initiated by Avargreen Organic Foods Private Limited.

## Facts

The present interlocutory application, IA No. 05/2024, was filed on December 2, 2024, by Mr. Kunwarpreet Singh, the Resolution Professional (RP) of M/s Raghupati Construction Private Limited (Corporate Debtor). The application sought approval of the Resolution Plan under Section 30(6) of the Insolvency & Bankruptcy Code, 2016 (IBC), read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations).

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by NASA Consortium complies with the provisions of the…

**Ratio:** A Resolution Plan approved by the Committee of Creditors with the requisite majority, and…

**Reasoning:** The NCLT found that the Resolution Plan was approved by the Committee of Creditors with…

**Interpretation:** The court interpreted Sections 30 and 31 of the IBC and Regulations 37, 38, and…

**Application:** The NCLT applied this interpretation by reviewing the Resolution Plan, the…

## Parties

- **Judges:** Praveen…; Ashish…
- **Advocates:** For the Applicant/…; Anshika…; +2 more

## Timeline

- **October 19, 2023 — Admission…**: The Adjudicating Authority admitted the application under Section 7 of the Code,…
- **October 22, 2023 — Public Annou…**: The Applicant made a Public Announcement in Form A in two newspapers to invite claims…

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