# Approval of Resolution Plan - Infiniti Metal Products India Limited

> NCLT judgment dated 2025-03-28. Citation: TCN-2025-NCLT-00290. The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Infiniti Metal…

- **Court:** NCLT
- **Order date:** 28 Mar 2025
- **Citation:** TCN-2025-NCLT-00290
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/approval-of-resolution-plan-infiniti-metal-products-india-limited-b4e36920

## Summary

### Background

The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Infiniti Metal Products India Limited. The CIRP was initiated based on an application by MSA Ventures Private Limited, a Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Mummaneni Vazra Laxmi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP filed an application IA(IBC)/10 (CHE)/2024 seeking approval of the resolution plan submitted by Rajshree Jewellers.

## Facts

MSA Ventures Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Infiniti Metal Products India Limited. Mummaneni Vazra Laxmi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Rajshree Jewellers submitted a resolution plan, which was approved by the Committee of Creditors (CoC) with 100% voting rights. The Resolution Plan sets forth to acquire the assets of the Corporate Debtor, land holdings, and aims to maximize the value through strategic development or sale by way of financial and operational restructuring of the business. The PRA proposes to address the reasons that led to causes of default, and is intended to focus on restoring of business operations as self-sustaining enterprise

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## Issues and analysis

### Issue 1: Whether the resolution plan submitted by Rajshree Jewellers complies with the requirements of …

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

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**Reasoning:** The Adjudicating Authority (NCLT) is duty-bound to examine the Resolution Plan within the

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**Interpretation:** The NCLT must ensure that the resolution plan adheres to the provisions of

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**Application:** The NCLT reviewed the resolution plan and found that it complied with the

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## Parties

- **Judges:** JYOTI KUMAR…; RAVICHANDRAN…
- **Appellants:** MUMMANENI VAZRA…
- **Respondents:** M/s. Infiniti…; M/s. MSA VENTURES…

## Timeline

- **2024-05-03 — Initiation…**: Adjudicating Authority initiated CIRP vide its order based on an application by MSA…
- **2024-05-07 — Public Annou…**: Public Announcement regarding initiation of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 32 — Appeal](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-32)

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