# Approval of Resolution Plan - Accura Productions Private Limited

> NCLT judgment dated 2025-08-06. Citation: TCN-2025-NCLT-01175. The application was filed by the Resolution Professional, Chandra Prakash Jain, under Section…

- **Court:** NCLT
- **Order date:** 6 Aug 2025
- **Citation:** TCN-2025-NCLT-01175
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-accura-productions-private-limited-bc75c8f0

## Summary

### Background

The application was filed by the Resolution Professional, Chandra Prakash Jain, under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Micro Capitals Private Limited for Accura Productions Private Limited.

## Facts

The application was filed by the Resolution Professional, Chandra Prakash Jain, seeking approval of the Resolution Plan.

The Resolution Plan was submitted by Micro Capitals Private Limited.

The Resolution Plan was approved by 100% of the voting share of the CoC.

The Corporate Debtor is Accura Productions Private Limited.

The petition was filed under Section 7 of the Code by Reliance Commercial Finance Limited.

The Interim Resolution Professional (IRP) was appointed on 19th July 2024 and later appointed as Resolution Professional (RP) on 10th September 2024.

The CIRP period expired on 16th April 2025.

The Resolution Plan was put to e-voting between 12th March 2025 to 22nd March, 2025.

The total payment proposed under the resolution plan is Rs. 20,00,000.

## Issues and analysis

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

**Ratio:** The Resolution Plan must comply with the requirements specified in Section 30(2) of the

…

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

…

**Interpretation:** Section 30(2) sets out the mandatory requirements for a Resolution Plan to be

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**Application:** The Tribunal found that the Resolution Plan complied with all the requirements

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Chandra Prakash…
- **Respondents:** Accura Productions…
- **Other parties:** Reliance Commercia…
- **Advocates:** Fortis Ind…

## Timeline

- **2024-07-19 — Admission of…**: The petition filed by Reliance Commercial Finance Limited under Section 7 of the Code was…
- **2024-07-19 — Appointment…**: Chandra Prakash Jain was appointed as the…

## 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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