# Approval of Resolution Plan - Doshi Holdings Private Limited

> NCLT judgment dated 2026-02-23. Citation: TCN-2026-NCLT-00193. The Corporate Insolvency Resolution Process (CIRP) was initiated against Doshi Holdings Private…

- **Court:** NCLT
- **Order date:** 23 Feb 2026
- **Citation:** TCN-2026-NCLT-00193
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-doshi-holdings-private-limited-659957bf

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) was initiated against Doshi Holdings Private Limited. Kanak Jani was appointed as the Resolution Professional. Anand Rathi Global Finance Limited, being the Financial Creditor, submitted a resolution plan.

## Facts

The CIRP of Doshi Holdings Private Limited was initiated based on Section 7 of the Insolvency and Bankruptcy Code, 2016.

Kanak Jani, the Resolution Professional, filed IA/1896/2021 seeking approval of the resolution plan.

Anand Rathi Global Finance Limited, the Financial Creditor, submitted the resolution plan.

The Committee of Creditors (CoC) approved the resolution plan with 100% voting share.

The estimated Insolvency Resolution Process Cost is Rs. 15,00,000/-.

Anand Rathi Global Finance Limited is the sole member of the CoC with 100% voting share.

The Adjudicating Authority found the Resolution Plan to be in compliance with Section 30(2) of the Code.

The Resolution Applicant deposited an amount of Rs. 15,00,000/- towards Performance Security Deposit.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Anand Rathi Global Finance Limited meets the requirements …

**Ratio:** Section 30(2) of the Insolvency and Bankruptcy Code, 2016 specifies the mandatory

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**Reasoning:** The Adjudicating Authority perused Form-H and found that the Resolution Plan is in

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**Interpretation:** The Resolution Plan must adhere to the provisions of Section 30(2) to be

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**Application:** The Adjudicating Authority determined that the Resolution Plan meets all the

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## Parties

- **Judges:** Mohan Prasad…; Charanjeet Singh…
- **Appellants:** Anand Rathi…; Kanak…; +1 more
- **Respondents:** Doshi Holdings…; Doshi Holdings…; +1 more
- **Advocates:** Prathamesh…

## Timeline

- **2021-02-19 — Initiation…**: Corporate Insolvency Resolution Process (CIRP) initiated against M/s Doshi Holdings…
- **2021-02-25 — Public Annou…**: Public Announcement in…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 50 — Extortionate credit transactions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-50)

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