# Approval of Resolution Plan - Taaza International Limited

> NCLT judgment dated 2025-06-12. Citation: TCN-2025-NCLT-00902. M/s. MSRM International Trading Private Limited, a Financial Creditor, filed CP (IB) No.…

- **Court:** NCLT
- **Order date:** 12 Jun 2025
- **Citation:** TCN-2025-NCLT-00902
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/approval-of-resolution-plan-taaza-international-limited-db55d06c

## Summary

### Background

M/s. MSRM International Trading Private Limited, a Financial Creditor, filed CP (IB) No. 1/7/HDB/2024 under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s. TAAZA International Limited.

## Facts

CP (IB) No. 1/7/HDB/2024 was filed by M/s. MSRM International Trading Private Limited against M/s. TAAZA International Limited.

The application was admitted on 01.10.2024, and Mr. Chinna Gurappa was appointed as the Interim Resolution Professional (IRP).

The IRP issued a public announcement on 05.10.2024 and the last date for submission of claims was 17.10.2024.

The Committee of Creditors (CoC) was constituted on 22.10.2024.

The first CoC meeting was conducted on 30.10.2024, and Mr. Chinna Gurappa was confirmed as the Resolution Professional with 100% voting share.

The final list of claims was prepared on 24.12.2024.

Two IBBI-registered valuers were appointed on 11.11.2024 for valuation.

EOI in Form G was published on 19.11.2024.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Mrs. Jhansi Sanivarapu and Keto Motors Private Limited …

**Ratio:** The Hon'ble Supreme Court has held that the discretion of the adjudicating authority is

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**Reasoning:** The Tribunal considered the provisions under Section 30(2) of the Code, including the

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**Interpretation:** The Resolution Plan must comply with the requirements of Section 30(2) of the

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**Application:** The Tribunal found that the Resolution Plan satisfies the requirements of

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## Parties

- **Judges:** Rammurti Ku…; SH. CHARAN…
- **Appellants:** MSRM International…; Chinna Gu…
- **Respondents:** TAAZA Internationa…
- **Other parties:** Raj Kumar…; Employees State…; +4 more
- **Advocates:** G. Bhu…

## Timeline

- **01.10.2024 — Initiation…**: Application admitted by the Adjudicating Authority, and Mr. Chinna Gurappa was appointed…
- **05.10.2024 — Public Annou…**: The IRP issued a public…

## 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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