# Approval of Resolution Plan - Dunnimaa Engineers and Divers Enterprises Pvt. Ltd.

> NCLT judgment dated 2025-10-06. Citation: TCN-2025-NCLT-01439. The case involves an application (I.A. No. 44/MB/2024) filed by the Resolution Professional…

- **Court:** NCLT
- **Order date:** 6 Oct 2025
- **Citation:** TCN-2025-NCLT-01439
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-dunnimaa-engineers-and-divers-enterprises-pvt-ltd-35148b67

## Summary

### Background

The case involves an application (I.A. No. 44/MB/2024) filed by the Resolution Professional (RP) of Dunnimaa Engineers and Divers Enterprises Pvt. Ltd., seeking approval of a resolution plan submitted by Amphitrite Subsea Pvt. Ltd. under Section 30(6) of the Insolvency and Bankruptcy Code, 2016.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated against Dunnimaa Engineers and Divers Enterprises Pvt. Ltd. based on an application filed by Omkara Asset Reconstruction Private Limited, the Financial Creditor.

The Committee of Creditors (CoC) approved the resolution plan submitted by Amphitrite Subsea Pvt. Ltd. with a 100% voting share.

The Resolution Professional (RP) initially filed I.A. No. 5281 of 2023 seeking approval of the resolution plan, but it was later withdrawn to incorporate necessary corrections and amendments.

The RP sought extensions of the CIRP period, which were partially allowed by the Tribunal.

The Resolution Plan provides for the treatment of CIRP costs, unsecured financial creditors, and operational creditors.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Amphitrite Subsea Private Limited complies with the …

**Ratio:** The Resolution Plan must comply with the legal requirements mandated under the Code,

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

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**Interpretation:** Section 30(2) of the IBC specifies the mandatory requirements that a resolution

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**Application:** In this case, the Tribunal found that the Resolution Plan complied with the

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## Parties

- **Judges:** ANIL RAJ C…; K. R. SAJI…
- **Appellants:** Kamal Rajkumar…
- **Respondents:** Dunnimaa Engineers…
- **Other parties:** Omkara Asset…
- **Advocates:** Rohit G…; Manisha B…; +1 more

## Timeline

- **2022-11-24 — Order Da…**: Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) of the Corporate…
- **2023-01-04 — 1st CoC M…**: The 1st CoC meeting was…

## 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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