# Approval of Resolution Plan - Dehradun Integrated Arena Limited

> NCLT judgment dated 2023-11-23. Citation: TCN-2023-NCLT-00584. The case pertains to an application filed under Section 30(6) r/w Section 31 of the Insolvency…

- **Court:** NCLT
- **Order date:** 23 Nov 2023
- **Citation:** TCN-2023-NCLT-00584
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/approval-of-resolution-plan-dehradun-integrated-arena-limited-107b7f1a

## Summary

### Background

The case pertains to an application filed under Section 30(6) r/w Section 31 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, for approval of the Resolution Plan in respect of M/s Dehradun Integrated Arena Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 10 of the Code, and the application was admitted on 02.03.2022. Mr. Anshul Pathania was appointed as the Interim Resolution Professional (IRP). The Resolution Professional (RP) constituted the Committee of Creditors (CoC).

## Facts

M/s Dehradun Integrated Arena Limited underwent Corporate Insolvency Resolution Process (CIRP) following an application under Section 10 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 02.03.2022, marking the Insolvency Commencement Date. Anshul Pathania was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Public announcement was made on 18.03.2022, with the last date for submission of claims being 29.03.2022. The RP constituted a Committee of Creditors (CoC), initially excluding IL&FS Township and Urban Assets Limited (ITUAL) due to its related party status, but later including it following a Tribunal direction on 25.05.2022. ITUAL became the sole member of the CoC with 100% voting

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Tribar Enterprises Private Limited and Rajat Goyal …

**Ratio:** Section 30(2) of the Code outlines the requirements for a resolution plan, including

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**Reasoning:** The Tribunal found that the Resolution Plan complied with the requirements of Section

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**Interpretation:** Sections 30 and 31 of the IBC are interpreted to ensure that a resolution plan

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**Application:** The Tribunal applied the provisions of Sections 30 and 31 to the facts of the

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Anshul Pa…
- **Respondents:** M/s Dehradun…; Committee of…
- **Advocates:** Gaurav…; Sagar Meh…

## Timeline

- **2022-03-02 — Admission…**: The application for initiation of Corporate Insolvency Resolution Process (CIRP) was…
- **2022-03-02 — Insolvency Commencement…**: The date on which the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 30(6) — Submission of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-30)

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