# In the matter of A P F ESTATES PRIVATE LIMITED

> NCLT judgment dated 2025-08-08. Citation: TCN-2025-NCLT-01185. The case involves an application filed by the Resolution Professional (RP) seeking orders for…

- **Court:** NCLT
- **Order date:** 8 Aug 2025
- **Citation:** TCN-2025-NCLT-01185
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/a-p-f-estates-private-limited-1ef33569

## Summary

### Background

The case involves an application filed by the Resolution Professional (RP) seeking orders for the liquidation of the Corporate Debtor, M/S APF ESTATES PRIVATE LIMITED, which was undergoing Corporate Insolvency Resolution Process (CIRP).

## Facts

The Corporate Debtor (CD), M/S APF ESTATES PRIVATE LIMITED, was admitted into CIRP under Section 7 of IBC.

The Interim Resolution Professional (IRP) made a public announcement inviting claims from creditors.

Only one claim was received, submitted by the Financial Creditor, M/s Invent Assets Securitization and Reconstruction Private Limited.

The IRP constituted the Committee of Creditors (CoC).

The CoC confirmed the appointment of the Applicant as the Resolution Professional (RP).

The RP published Form-G inviting Expression of Interests (EoI) from Prospective Resolution Applicants (PRAs).

Five PRAs submitted the requisite Earnest Money Deposit (EMD).

Only M/s Great Value Industries Private Limited submitted a Resolution Plan.

…

## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by M/s Great Value Industries Private Limited met the …

**Ratio:** The Resolution Plan was found to be significantly below expectations and did not meet the

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**Reasoning:** The PRA expressed unwillingness to revise or enhance the Plan amount, leading the CoC to

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**Interpretation:** The CoC has the authority to reject a resolution plan that does not meet its

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**Application:** The CoC's decision to reject the plan was

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Invest Assets…; Vijay Pitamber…
- **Respondents:** APF Estates Pvt…
- **Other parties:** Invent Assets…; Vijay P.…
- **Advocates:** Amir Ba…

## Timeline

- **2024-08-28 — Admission in…**: The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP)…
- **2024-09-02 — Public Annou…**: The Interim Resolution Professional (IRP) made a public announcement inviting claims from…

## 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)

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