# Approval of Resolution Plan - Ananya Wood Private Limited

> NCLT judgment dated 2025-11-13. Citation: TCN-2025-NCLT-01630. The case involves an application for approval of a resolution plan for Ananya Wood Private…

- **Court:** NCLT
- **Order date:** 13 Nov 2025
- **Citation:** TCN-2025-NCLT-01630
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/approval-of-resolution-plan-ananya-wood-private-limited-b865eaaf

## Summary

### Background

The case involves an application for approval of a resolution plan for Ananya Wood Private Limited, a corporate debtor, under the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated 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.

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

Public announcement was made on 05.02.2024, inviting claims from creditors.

The Committee of Creditors (CoC) was constituted, initially with State Bank of India and Canara Bank, and later revised to include Bank of Baroda.

Form G was published to invite Expression of Interest (EoI) from prospective resolution applicants.

Kaushalya Township Private Limited submitted a resolution plan, which was approved by the CoC with 100% voting shares.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan meets the requirements of Section 30(2) of the Insolvency and …

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

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**Reasoning:** The NCLT examines whether the resolution plan provides for the payment of insolvency

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**Interpretation:** The NCLT interprets Section 30(2) to ensure that the resolution plan balances

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**Application:** The NCLT finds that the resolution plan meets the requirements of Section

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## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** Canara…
- **Respondents:** Ananya Wood…
- **Other parties:** State Bank of…; Bank of B…; +1 more
- **Advocates:** Shaunak…; Siddharth…; +3 more

## Timeline

- **02.02.2024 — Admission o…**: The Company Petition No. CP (IB)…
- **05.02.2024 — Public Annou…**: Public announcement was made in…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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