# Approval of Resolution Plan - Trishul Dream Homes Limited

> NCLT judgment dated 2025-08-08. Citation: TCN-2025-NCLT-01181. An application was filed under Section 7 of the Insolvency and Bankruptcy Code by Capriso…

- **Court:** NCLT
- **Order date:** 8 Aug 2025
- **Citation:** TCN-2025-NCLT-01181
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/approval-of-resolution-plan-trishul-dream-homes-limited-63c4c2a8

## Summary

### Background

An application was filed under Section 7 of the Insolvency and Bankruptcy Code by Capriso Finance Limited and Siri In Fin Lease Private Limited for initiating CIRP against Trishul Dream Homes Limited. The application was admitted on 16.06.2023.

## Facts

Capriso Finance Limited and Siri In Fin Lease Private Limited filed an application under Section 7 of the IBC to initiate CIRP against Trishul Dream Homes Limited.

The application was admitted on 16.06.2023.

The Resolution Professional (RP) published an Invitation of Expression of Interest (Eol) in Form ‘G'.

The RP received 4 Eols.

The CoC approved a resolution plan with 91.55% voting rights on 23.02.2024.

The Adjudicating Authority rejected the resolution plan on 23.04.2025.

The NCLAT overturned the Adjudicating Authority's decision and approved the resolution plan.

The resolution plan was submitted by Vashisth Builders and Engineers Limited & Vashisth Estates Limited.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority erred in …

**Ratio:** The NCLAT held that the Adjudicating Authority should not interfere unless there is a

…

**Reasoning:** The NCLAT found that the plan had been duly approved by the CoC with a 91.55% majority,

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**Interpretation:** The commercial wisdom of the CoC should be respected, and judicial scrutiny

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**Application:** The NCLAT overturned the Adjudicating Authority's decision and approved the

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## Parties

- **Judges:** KHETRABASI…; KAUSHALENDRA…
- **Appellants:** Jalesh Kumar…; Capriso Finance…
- **Respondents:** Trishul Dream…
- **Advocates:** Aalok J…; APS Ma…; +5 more

## Timeline

- **2022 — CP(IB) No.132/Chd/Hry/20…**: Case Fil…
- **2023-06-16 — Admission of Ap…**: Application under…

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