# Approval of Resolution Plan - Avocado Realty Private Limited

> NCLT judgment dated 2025-10-16. Citation: TCN-2025-NCLT-01523. The I.A. is filed by the Resolution Professional of M/s. Avocado Reality Private Limited…

- **Court:** NCLT
- **Order date:** 16 Oct 2025
- **Citation:** TCN-2025-NCLT-01523
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-avocado-realty-private-limited-9f437fbc

## Summary

### Background

The I.A. is filed by the Resolution Professional of M/s. Avocado Reality Private Limited seeking approval of the resolution plan submitted by West End Investment & Finance Consultancy Private Limited and approved by the Committee of Creditors.

## Facts

The Corporate Debtor was admitted to CIRP vide order dated 29.04.2024.

Mr. Shubham Agrawal Goyal was appointed as the Interim Resolution Professional.

The Committee of Creditors was constituted with RMOL Engineering and Offshore Limited as the sole member.

The RP received one resolution plan from M/s West End Investment & Finance Consultancy Private Limited.

The CoC approved the resolution plan with 100% voting share on 06.01.2025.

The Resolution Applicant was required to furnish a performance guarantee of Rs. 80,000,000.

The Resolution Plan includes a scheme of amalgamation of a Special Purpose Vehicle (Ethranova Ventures Private Limited) with the Corporate Debtor.

The Resolution Plan provides for capital reduction of shares.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan complies with the provisions of Section 30(2) of the Insolvency and …

**Ratio:** The Adjudicating Authority is required to satisfy itself that the Resolution Plan, as

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**Reasoning:** The Adjudicating Authority analyzed the Resolution Plan and found that it complies with

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**Interpretation:** Section 30(2) lays down the conditions that a resolution plan must fulfill to

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

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## Parties

- **Judges:** Hariharan…; LAKSHMI G…
- **Appellants:** NPV Insolvency…
- **Respondents:** Avocado Reality…
- **Other parties:** RMOL Engineering…; Mohit Bipinchandra…; +1 more
- **Advocates:** Rohan Ag…; Yahya Bata…; +1 more

## Timeline

- **2024-04-29 — Commencement…**: The Corporate Debtor was admitted to Corporate Insolvency Resolution Process (CIRP) vide…
- **2024-05-01 — Public Annou…**: The IRP made a public announcement under Regulation 6 of the IBBI (CIRP) Regulations,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 79(2) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-79)

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