# In the matter of Educomp Solutions Limited

> NCLT judgment dated 2023-08-29. Citation: TCN-2023-NCLT-01868. The case pertains to Educomp Solutions Limited under Section 10 of the Insolvency and…

- **Court:** NCLT
- **Order date:** 29 Aug 2023
- **Citation:** TCN-2023-NCLT-01868
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/educomp-solutions-limited-ceef8386

## Summary

### Background

The case pertains to Educomp Solutions Limited under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter is before the National Company Law Tribunal (NCLT), New Delhi, Special Bench (Court – II). Arguments were heard in CA-195/2018, and the order was reserved.

## Facts

Educomp Solutions Limited is undergoing insolvency proceedings under Section 10 of the IBC, 2016. The case is being heard by the NCLT, New Delhi. Arguments have been presented, and the order has been reserved. The RP/SRA and CoC are directed to file a synopsis detailing compliance with Section 30(2) and Regulation 38 of the IBC. The SRA is also directed to comply with an earlier order dated 07.08.2023 and furnish a bank guarantee to the RP.

## Issues and analysis

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

**Ratio:** Section 30(2) of the IBC, 2016, outlines the requirements for the approval of a

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**Reasoning:** The court directs the RP/SRA and CoC to file a synopsis specifically addressing

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**Interpretation:** Section 30(2) is interpreted as a mandatory requirement for the approval of a

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**Application:** The RP/SRA and CoC must demonstrate through the synopsis that the resolution

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## Parties

- **Judges:** Sh. Ashok Kumar…; L. N. G…
- **Respondents:** Educomp Solutions…

## Timeline

- **2023-08-07 — Previous Ord…**: The SRA is directed to comply with the order dated 07.08.2023 and furnish the bank…
- **2023-08-29 — Order Del…**: Order delivered on 29.08.2023, directing…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/educomp-solutions-limited-ceef8386