# Approval of Resolution Plan - Nadhi Bio Products Private Limited

> NCLT judgment dated 2025-06-12. Citation: TCN-2025-NCLT-00904. The case involves an application for approval of a resolution plan for Nadhi Bio Products…

- **Court:** NCLT
- **Order date:** 12 Jun 2025
- **Citation:** TCN-2025-NCLT-00904
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/approval-of-resolution-plan-nadhi-bio-products-private-limited-c6a87a95

## Summary

### Background

The case involves an application for approval of a resolution plan for Nadhi Bio Products Private Limited, the Corporate Debtor, under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code (IBC). The CIRP was initiated following a petition filed by R.K. Distilleries Private Limited, the Financial Creditor, under Section 7 of the IBC.

## Facts

CIRP was initiated against Nadhi Bio Products Private Limited based on a petition filed by R.K. Distilleries Private Limited under Section 7 of the IBC.

Mr. Ramakanth Malapalli was initially appointed as the Interim Resolution Professional (IRP) and was later replaced by True IPE Private Limited represented by Mr. Chandra Prakash Jain.

Mr. Sreenivasa Rao Ravinuthala was subsequently appointed as the Resolution Professional (RP).

The Committee of Creditors (CoC) comprised 28 members with admitted claims amounting to ₹65.70 Crores.

The resolution plan submitted by Mr. Nakkirikanti Rammurthy and Mr. Namburi Visweswara Rao was approved by the CoC with 82.89% voting share.

The resolution plan involves a total payment of ₹90.50 Crores to various creditors and stakeholders.

…

## Issues and analysis

### Issue 1: Whether the resolution plan meets the …

**Ratio:** The Adjudicating Authority must ensure that the resolution plan meets the requirements

…

**Reasoning:** The Hon'ble Supreme Court has emphasized that the Adjudicating Authority's discretion is

…

**Interpretation:** The Adjudicating Authority can only reject the resolution plan if it does not

…

**Application:** The NCLT found that the resolution plan satisfies the requirements of Section

…

## Parties

- **Judges:** Rammurti Ku…; SH. CHARAN…
- **Appellants:** R.K. DISTILLERIES…; Sreenivasa Rao…
- **Respondents:** NADHI BIO…
- **Other parties:** HDFC Bank L…; Chennamaneni…; +28 more

## Timeline

- **2023-05-26 — CIRP Commencem…**: CIRP Commencement Date…
- **2023-12-02 — Expiry of 1…**: Expiry of 1…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

---

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-hyderabad/approval-of-resolution-plan-nadhi-bio-products-private-limited-c6a87a95