# In the matter of RCM Infrastructure Limited

> NCLT judgment dated 2025-11-17. Citation: TCN-2025-NCLT-01856. An application was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read…

- **Court:** NCLT
- **Order date:** 17 Nov 2025
- **Citation:** TCN-2025-NCLT-01856
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/rcm-infrastructure-limited-096e7942

## Summary

### Background

An application was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the CIRP Regulations, 2016, for the withdrawal of the Corporate Insolvency Resolution Process of M/s. RCM Infrastructure Limited.

## Facts

An application was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016 for withdrawal of CIRP.

The CoC approved the withdrawal with 97.53% voting.

A settlement of Rs.60.70 Crores was reached between the parties.

CIRP initiated against M/s. RCM Infrastructure Limited vide order dated 03.01.2019 is allowed to be withdrawn.

Resolution Professional is discharged from his duties.

IA (IBC) 312/2025 and IA (IBC) 444/2025 disposed of as infructuous.

## Issues and analysis

### Issue 1: Whether the application for withdrawal of the Corporate Insolvency Resolution Process should be …

**Ratio:** Section 12A of the Insolvency and Bankruptcy Code, 2016 read with Regulation 30A of the

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**Reasoning:** The application for withdrawal is based on a settlement between the parties and has the

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**Interpretation:** Section 12A and Regulation 30A allow for the withdrawal of CIRP if the

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**Application:** Since the settlement was reached and the CoC approved the withdrawal with the

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** M/s. RCM Infrastru…
- **Respondents:** RCM Infrastructure…
- **Other parties:** Rajesh Ch…
- **Advocates:** Mr.V.V.S.…; Siva Pran…; +1 more

## Timeline

- **2025-11-17 — Hearing…**: Attendance cum order sheet of the…
- **2019-01-03 — CIRP Initiati…**: CIRP initiated against M/s.RCM Infrastructure Limited vide order dated 03.01.2019 is…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12A — (1) Subject to sub](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12a)

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