# Approval of Resolution Plan - Cian Healthcare Limited

> NCLT judgment dated 2025-12-18. Citation: TCN-2025-NCLT-01875. The case pertains to the approval of a Resolution Plan for Cian Healthcare Limited, the…

- **Court:** NCLT
- **Order date:** 18 Dec 2025
- **Citation:** TCN-2025-NCLT-01875
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-cian-healthcare-limited-b1e47e5a

## Summary

### Background

The case pertains to the approval of a Resolution Plan for Cian Healthcare Limited, the Corporate Debtor (CD), under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Process for Corporate Persons) Regulations 2016 (CIRP Regulations). The Resolution Plan was submitted by Mr. Pradeep Kumar Jain and approved by the Committee of Creditors (CoC) with 100% votes.

## Facts

M/s Shreeji Pharmachem initiated Corporate Insolvency Resolution Process (CIRP) against Cian Healthcare Limited under Section 9 of the IBC.

The Adjudicating Authority admitted the CD into CIRP vide order dated 11.06.2024.

Mr. Roshen Chordiya was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).

The CoC approved the Resolution Plan submitted by Mr. Pradeep Kumar Jain with 100% voting share.

The Resolution Plan proposes a total resolution amount of Rs. 37,30,13,553.

The Resolution Plan includes provisions for infusion of funds, treatment of financial and operational creditors, and equity shareholders.

The SRA has provided an affidavit in compliance with terms of provisions of Section 29A of the Code.

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## Issues and analysis

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

**Ratio:** The Adjudicating Authority must ensure that the Resolution Plan complies with Section

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**Reasoning:** The Adjudicating Authority reviewed the Resolution Plan and found that it met the

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

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

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** M/s Shreeji…; Roshen Ch…
- **Respondents:** Cian Healthcare…
- **Other parties:** Pradeep Kum…; Rajesh…; +13 more
- **Advocates:** CS Anagha…; Bhupendra…

## Timeline

- **2024-06-11 — Admission in…**: The Adjudicating Authority admitted the CD…
- **2024-06-14 — Form FA Re…**: Applicant received Form FA from the Operational Creditor on 14.06.2024, in accordance…

## 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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