# Approval of Resolution Plan - Meenesh Irrigation India Private Limited

> NCLT judgment dated 2025-12-12. Citation: TCN-2025-NCLT-01876. The application is filed by the Resolution Professional of M/s. Meenesh Irrigation India…

- **Court:** NCLT
- **Order date:** 12 Dec 2025
- **Citation:** TCN-2025-NCLT-01876
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-indore/approval-of-resolution-plan-meenesh-irrigation-india-private-limited-a941b955

## Summary

### Background

The application is filed by the Resolution Professional of M/s. Meenesh Irrigation India Private Limited (Corporate Debtor) under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by M/s Priya Machines through its proprietor Mr. Osaf Iqbal Khan.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated on 22.01.2025.

Amresh Shukla was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.

The Committee of Creditors (COC) was formed on 11.02.2025.

M/s Priya Machines submitted the Resolution Plan on 05.07.2025.

The COC approved the Resolution Plan with 89.20% voting share.

The Resolution Plan proposes to offer Rs. 2,45,00,000 against the admitted debt of Rs. 7,52,01,000, representing 32.57% of the total admitted debt.

## Issues and analysis

### Issue 1: Whether the Resolution Plan …

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

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**Reasoning:** The Tribunal reviewed the Resolution Plan to ensure it provides for the payment of

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**Interpretation:** Section 30(2) sets out the mandatory requirements that a resolution plan must

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**Application:** The Tribunal found that the Resolution Plan complied with Section 30(2) as it

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## Parties

- **Judges:** Brajendra Mani…; Man Mohan…
- **Appellants:** Amresh S…
- **Respondents:** M/s. Meenesh…; M/s Meenesh…
- **Other parties:** Madhya Pradesh…; IDBI…
- **Advocates:** Mudit Mah…

## Timeline

- **2025-01-22 — Initiation…**: Corporate Insolvency Resolution Process initiated vide order of the Adjudicating…
- **2025-01-24 — Public Annou…**: Public Announcement was…

## 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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