# Approval of Resolution Plan - Shiva Shakti Grains (India) Pvt. Ltd.

> NCLT judgment dated 2026-01-16. Citation: TCN-2026-NCLT-00093. The case involves an application for approval of a resolution plan for Shiva Shakti Grains…

- **Court:** NCLT
- **Order date:** 16 Jan 2026
- **Citation:** TCN-2026-NCLT-00093
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/approval-of-resolution-plan-shiva-shakti-grains-india-pvt-ltd-90282daa

## Summary

### Background

The case involves an application for approval of a resolution plan for Shiva Shakti Grains (India) Pvt. Ltd, a Corporate Debtor, under the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated following a petition filed by R.K. Enterprises, the Financial Creditor.

## Facts

R.K. Enterprises, the Financial Creditor, filed a Company Petition C.P. (IB) No. 135/CHD/PB/2023 under Section 7 of IBC, which was admitted, initiating CIRP against Shiva Shakti Grains (India) Pvt. Ltd.

Dewan Asparan Nabi was appointed as the Interim Resolution Professional and later as the Resolution Professional.

A public announcement was made on 11.06.2023, inviting claims from creditors.

The Committee of Creditors (CoC) was constituted on 29.06.2023, comprising solely of the Financial Creditor, R.K. Enterprises, with 100% voting share.

M/s SPSS Infrastructure Private Limited submitted a Resolution Plan, which was later approved by the CoC.

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## Issues and analysis

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

**Ratio:** The Adjudicating Authority must ensure that the Resolution Plan complies with Section

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**Reasoning:** The Adjudicating Authority reviewed the Resolution Plan and found that it met 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 applied the provisions of Section 30(2) to the

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## Parties

- **Judges:** KHETRABASI…; SHISHIR A…
- **Appellants:** R.K. Enter…; Dewan Aspar…
- **Respondents:** Shiva Shakti…
- **Other parties:** HR Tradin…; Bajwa Commission…; +45 more
- **Advocates:** Viren S…

## Timeline

- **2023-06-08 — CIRP Init…**: Company Petition filed by R.K. Enterprises was admitted, initiating CIRP against the…
- **2023-06-11 — Public Annou…**: Public announcement was made,…

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