# Approval of Resolution Plan - Daulat Agro (India) Private Limited

> NCLT judgment dated 2025-07-03. Citation: TCN-2025-NCLT-00838. The Interlocutory Application (I.A.) (I.B.C) (Plan) No. 33/MB/2025 was filed by S.…

- **Court:** NCLT
- **Order date:** 3 Jul 2025
- **Citation:** TCN-2025-NCLT-00838
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-daulat-agro-india-private-limited-8cf96669

## Summary

### Background

The Interlocutory Application (I.A.) (I.B.C) (Plan) No. 33/MB/2025 was filed by S. Gopalakrishnan, the Resolution Professional, on behalf of the Committee of Creditors (CoC) of Daulat Agro (India) Private Limited, seeking approval of the Resolution Plan under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016.

## Facts

The initial statutory CIRP period was set to expire on 13.08.2024, but the CoC resolved to seek an extension, which was granted until 11.11.2024.

A public announcement in Form A was published on 18.02.2024, inviting claims under Section 15 of the Code.

The Applicant received one claim from a Financial Creditor amounting to Rs.99,58,15,059.86/- and four claims from Operational Creditors totaling to Rs.4,95,10,536/-.

The Committee of Creditors (CoC) was constituted with Canara Bank as the sole Financial Creditor.

The Resolution Plan submitted by M/s. Amrit Fresh Private Limited was approved by the CoC with 100% voting share in its 22nd meeting held on 15.01.2025.

…

## Issues and analysis

### Issue 1: Whether the Resolution Plan meets the requirements of Section 30(2) of the Insolvency and …

**Ratio:** The Tribunal observed that the Plan is in compliance with the provisions of Section 30 of

…

**Reasoning:** The Plan provides for priority of payment of CIRP cost, payment of debts of the

…

**Interpretation:** The Tribunal interpreted Section 30(2) to ensure that the Resolution Plan

…

**Application:** The Tribunal applied the provisions of Section 30(2) to assess the compliance

…

## Parties

- **Judges:** ASHISH…; SANJIV…
- **Appellants:** S. Gopalakr…
- **Respondents:** Daulat Agro…
- **Other parties:** Canara…
- **Advocates:** Avinash R.…

## Timeline

- **2024-02-18 — Public Annou…**: A public announcement in Form A was published in four newspapers, inviting claims under…
- **2024-02-15 — Admission in…**: This Tribunal, vide its order dated 15.02.2024 in C.P.(IB) No. 699/MB/2023, admitted 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-daulat-agro-india-private-limited-8cf96669