# Approval of Resolution Plan - Imperial Tubes Private Limited

> NCLT judgment dated 2026-04-10. Citation: TCN-2026-NCLT-00408. The case involves an application under Section 30(6) of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 10 Apr 2026
- **Citation:** TCN-2026-NCLT-00408
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/approval-of-resolution-plan-imperial-tubes-private-limited-3ec8e799

## Summary

### Background

The case involves an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a resolution plan for Imperial Tubes Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by Tikmani Steel Trading Company, the Operational Creditor, under Section 9 of the Code.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated against Imperial Tubes Private Limited based on an application filed by Tikmani Steel Trading Company, the Operational Creditor.

Ms. Rachna Anchalia was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.

The Committee of Creditors (CoC) was constituted on 14.09.2022, and the Applicant was appointed as Resolution Professional in the 1st meeting of the Committee of Creditors held on 21.09.2022.

The Resolution Plan submitted by M/s. Dorni Vinimoy Private Limited was approved by the CoC with 99.87% voting share.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Dorni Vinimoy Private Limited meets the requirements of …

**Ratio:** The Adjudicating Authority has limited jurisdiction in the matter of approval of a

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**Reasoning:** The Adjudicating Authority considered the compliance of the Resolution Plan with the

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**Interpretation:** The Adjudicating Authority interpreted the provisions of Section 30(2) of the

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**Application:** The Adjudicating Authority applied the provisions of Section 30(2) of the Code

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## Parties

- **Judges:** BIDISHA BA…; Cmde Siddharth…
- **Appellants:** Rachna An…
- **Respondents:** Imperial Tubes…
- **Other parties:** Tikmani Steel…
- **Advocates:** Shaunak…; Rahul Parasrampuri…; +2 more

## Timeline

- **2022-08-22 — Initiation…**: The Tribunal admitted the application filed under Section 9 of the Code by the…
- **2022-10-21 — Expression of…**: Invitation for Expression of Interest was published in Form G in Business Standard and…

## 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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