# In the matter of GABRIEL VENTURES INDIA PRIVATE LIMITED

> NCLT judgment dated 2025-06-30. Citation: TCN-2025-NCLT-00753. The case involves an application (IA(plan)/41(AHM)2024) filed by the Resolution Professional…

- **Court:** NCLT
- **Order date:** 30 Jun 2025
- **Citation:** TCN-2025-NCLT-00753
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/gabriel-ventures-india-private-limited-14e1488b

## Summary

### Background

The case involves an application (IA(plan)/41(AHM)2024) filed by the Resolution Professional (RP) under Section 30 read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for approval of a Resolution Plan for M/s. Gabriel Ventures India Private Limited.

## Facts

The Financial Creditor, M/s. Zep Infratech Limited, filed a petition under Section 7 of the IBC, 2016, to initiate CIRP against M/s. Gabriel Ventures India Private Limited.

The Adjudicating Authority admitted the Company Petition on 23.11.2023 and appointed the Applicant as Interim Resolution Professional (IRP).

The Applicant constituted a Committee of Creditors (CoC) comprising M/s. Zep Infratech Limited and Rajendra M Thakkar (Ravasia) and Private Limited Sons.

The Applicant received a Resolution Plan from Ms. Niyati K. Patel, which was approved by the CoC with 100% majority on 06.05.2024.

The Applicant filed an Interlocutory Application seeking an extension of 90 days for completion of CIRP, but the Adjudicating Authority granted only 30 days.

…

## Issues and analysis

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

**Ratio:** Section 30(2) of the IBC outlines the requirements that a resolution plan must meet,

…

**Reasoning:** The Adjudicating Authority finds that the Resolution Plan fails to meet the requirements

…

**Interpretation:** The Adjudicating Authority interprets Section 30(2) of the IBC as requiring a

…

**Application:** The Adjudicating Authority applies Section 30(2) of the IBC to the Resolution

…

## Parties

- **Judges:** SHAMMI…; SANJEEV S…
- **Appellants:** Sachin Dinkar…
- **Respondents:** Gabriel Ventures…; M/s Gabriel…; +2 more

## Timeline

- **2023-10-11 — Petition…**: M/s. Zep Infratech Limited filed a…
- **2023-11-23 — CIRP Comm…**: Adjudicating Authority admitted the Company Petition and appointed the Applicant as…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

---

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/gabriel-ventures-india-private-limited-14e1488b