# Approval of Resolution Plan - Ananya Wood Private Limited

> NCLT judgment dated 2025-11-13. Citation: TCN-2025-NCLT-01864. The case pertains to the approval of a resolution plan for Ananya Wood Private Limited, a…

- **Court:** NCLT
- **Order date:** 13 Nov 2025
- **Citation:** TCN-2025-NCLT-01864
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/approval-of-resolution-plan-ananya-wood-private-limited-47b186b7

## Summary

### Background

The case pertains to the approval of a resolution plan for Ananya Wood Private Limited, a corporate debtor, under the Insolvency and Bankruptcy Code, 2016. The application for initiating CIRP was filed by Canara Bank, a financial creditor.

## Facts

Canara Bank filed a petition (CP(IB) No. 284/KB/2022) against Ananya Wood Private Limited to initiate CIRP under Section 7 of IBC, which was admitted on 02.02.2024.

Shri Anil Aggarwal was appointed as the Interim Resolution Professional (IRP).

The applicant made a public announcement on 05.02.2024.

The Committee of Creditors (CoC) initially consisted of State Bank of India (77.56%) and Canara Bank (22.44%).

A revised CoC was constituted on 29.05.2024, including State Bank of India (72.95%), Canara Bank (16.75%), and Bank of Baroda (10.30%).

Form G was published on 26.06.2024, and the last date for submission of Expression of Interest (EoI) was fixed as 11.07.2024, later extended to 07.08.2024.

…

## Issues and analysis

### Issue 1: Whether the Resolution Plan meets the …

**Ratio:** The Resolution Plan must provide for the payment of insolvency resolution process costs

…

**Reasoning:** Section 30(2) of the IBC outlines the mandatory requirements that a resolution plan must

…

**Interpretation:** The Adjudicating Authority must ensure that the resolution plan complies with

…

**Application:** The NCLT found that the resolution plan provides for the payment of insolvency

…

## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** Canara…
- **Respondents:** Ananya Wood…
- **Other parties:** State Bank of…; Bank of B…; +1 more
- **Advocates:** Shaunak…; Siddharth…; +2 more

## Timeline

- **2022-XX-XX — Filing of CP(IB) No.…**: Canara Bank filed CP(IB) No. 284/KB/2022…
- **2024-02-02 — Admission o…**: CP(IB) No. 284/KB/2022 was admitted, initiating the Corporate Insolvency Resolution…

## 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)

---

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-kolkata/approval-of-resolution-plan-ananya-wood-private-limited-47b186b7