# In the matter of DOOTERIAH & KALE JVALLEY TEA ESTATES PRIVATE LIMITED

> NCLT judgment dated 2025-10-17. Citation: TCN-2025-NCLT-01580. UCO Bank, as a Financial Creditor, filed an application against Fortune Chemicals Limited…

- **Court:** NCLT
- **Order date:** 17 Oct 2025
- **Citation:** TCN-2025-NCLT-01580
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/dooteriah-amp-kale-jvalley-tea-estates-private-limited-ccfc3141

## Summary

### Background

UCO Bank, as a Financial Creditor, filed an application against Fortune Chemicals Limited (Respondent No. 1) and Mr. Samya Sengupta, Resolution Professional of Dooteriah & Kalej Valley Tea Estates Private Limited (Respondent No. 2), seeking reliefs under Section 33(3) and 60(5) of the Insolvency and Bankruptcy Code, 2016.

## Facts

Corporate Debtor was admitted to CIRP on 12th December, 2017.

Mr. Samya Sengupta was appointed as the Resolution Professional of the Corporate Debtor.

Respondent no. 1 submitted a Resolution Plan dated 10th August, 2018, which was approved by the COC with 100% approval.

The total outstanding dues to the Applicant (UCO Bank) was Rs. 15.69 crores as on the CIRP commencement date and Rs. 1.51 crore on account of interest accrued after initiation of CIRP.

Respondent No. 1 was supposed to pay a sum of Rs. 1.5 crores within 90 days from approval of the Resolution Plan, but failed to do so.

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## Issues and analysis

### Issue 1: Whether the failure to implement the …

**Ratio:** The failure to implement the approved resolution plan in a timely manner constitutes a

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**Reasoning:** The Tribunal relied on the judgments of the Supreme Court in Kridhan Infrastructure Pvt.

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**Interpretation:** The court interpreted the IBC to prioritize timely resolution and held that

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**Application:** The Tribunal applied the principles established in the cited Supreme Court

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## Parties

- **Judges:** BIDISHA BA…; Cmde Siddharth…
- **Appellants:** UCO B…
- **Respondents:** Dooteriah & Kalej…; Fortune Chemicals…; +1 more
- **Other parties:** Sanjeev Jhunjhunwa…; Goutam Kum…
- **Advocates:** Aishwarya Kumar…; Manju Bhu…; +2 more

## Timeline

- **2017-12-12 — CIRP Commen…**: Corporate Debtor admitted to Corporate…
- **2018-08-10 — Resolution Plan…**: Respondent no. 1…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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