# M/S. AVANTINE SOFTWARE PRIVATE LIMITED vs. M/S. BARON INFOTECH LIMITED

> NCLT judgment dated 2026-09-08. Citation: TCN-2026-NCLT-01048. The Corporate Debtor, M/s Baron Infotech Limited, was admitted into Corporate Insolvency…

- **Court:** NCLT
- **Order date:** 8 Sept 2026
- **Citation:** TCN-2026-NCLT-01048
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/ms-avantine-software-private-limited-financial-creditor-vs-ms-baron-infotech-lim-tpbby

## Summary

### Background

The Corporate Debtor, M/s Baron Infotech Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 10.05.2024, with Mr Haridasu Sambasiva Rao appointed as the Interim Resolution Professional (IRP). A public announcement was issued, and claims were invited from creditors. M/s Aventine Software Private Limited, a financial creditor, was constituted as the sole member of the Committee of Creditors (CoC) with a 100% voting share. Mr Bondalapati Srinivasa Rao was subsequently appointed as the Resolution Professional (RP). The CIRP period was extended multiple times. An earlier resolution plan submitted by Mr Vivek Kumar Ratakonda was dismissed by the Tribunal on 09.12.2025, leading to the appointment of CS Dr Ahalada Rao Vummenthala as the new Resolution

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## Facts

The Corporate Debtor (CD) M/s Baron Infotech Limited was admitted into Corporate Insolvency Resolution Process (CIRP) by the Tribunal vide Order dated 10.05.2024.

Mr Haridasu Sambasiva Rao was appointed as the Insolvency Resolution Professional (IRP).

The IRP issued a Public Announcement on 15.05.2024, inviting claims from the Creditors of the CD.

M/s Aventine Software Private Limited, a Financial Creditor, was constituted as the sole member of the Committee of Creditors (CoC) with a 100% voting share.

The CoC, in its 1st meeting on 08.06.2024, appointed Mr Bondalapati Srinivasa Rao as the Resolution Professional (RP), which was approved by a Tribunal Order dated 08.01.2025.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by M/s Innopark (India) Private Limited, as approved by the …

**Ratio:** A Resolution Plan, once approved by the Committee of Creditors with the requisite voting

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**Reasoning:** The Tribunal carefully considered the submissions of the Applicant Resolution

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**Interpretation:** The Tribunal interpreted Section 30(6) of the IBC, read with Regulation 39(4)

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**Application:** Based on the findings that the Resolution Plan by M/s Innopark (India) Private

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** M/S. AVANTINE…; CS Dr Ahalada Rao…; +2 more
- **Respondents:** M/s. Baron…; M/S. BARON…
- **Other parties:** M/s. Avantine…; Vishnu Vardhan…; +9 more
- **Advocates:** Mr Krishna…; Mr Naresh Kumar…; +1 more

## Timeline

- **2024-05-10 — CIRP Admission and IRP…**: The Corporate Debtor (CD) M/s Baron Infotech Limited was admitted into Corporate…
- **2024-05-15 — Public Announcement by…**: The IRP issued the Public Announcement,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 30(6) — Submission of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-30)

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