# Approval of Resolution Plan - Eagle Electronic (India) Private Limited

> NCLT judgment dated 2025-09-10. Citation: TCN-2025-NCLT-01445. The case involves an application filed by Kanak Jani, the Resolution Professional of Eagle…

- **Court:** NCLT
- **Order date:** 10 Sept 2025
- **Citation:** TCN-2025-NCLT-01445
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-eagle-electronic-india-private-limited-020fb177

## Summary

### Background

The case involves an application filed by Kanak Jani, the Resolution Professional of Eagle Electronic (India) Private Limited, seeking approval of a revised resolution plan under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016.

## Facts

Kanak Jani is the Resolution Professional for Eagle Electronic (India) Private Limited.

The CIRP of Eagle Electronic (India) Private Limited was initiated on 06.03.2024.

Subhlaxmi Investment Advisory Private Limited submitted the revised resolution plan.

The resolution plan was approved by 82.19% of the voting share of the CoC.

The average fair value of the Corporate Debtor was determined as Rs. 25,07,000/-.

The average liquidation value of the Corporate Debtor was determined as Rs. 20,05,500/-.

The SRA has deposited an amount of Rs. 2,87,500/- (5% of the NPV of the Resolution Plan), credited to the Corporate Debtor's CIRP Bank Account on 12.05.2025 towards performance security.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Subhlaxmi Investment Advisory Private Limited meets the …

**Ratio:** The Resolution Plan must comply with Section 30(2) of the IBC, which includes provisions

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**Reasoning:** The Tribunal examined the Resolution Plan to ensure it adheres to the requirements of

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**Interpretation:** Section 30(2) sets out the mandatory requirements that a resolution plan must

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**Application:** The Tribunal found that the Resolution Plan provides for payment of CIRP costs,

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## Parties

- **Judges:** Sushil Mahadeorao…; Prabhat…
- **Appellants:** Kanak…
- **Respondents:** Eagle Electronic…
- **Other parties:** Profectus Capital…
- **Advocates:** Akshay P…; Abhishek…; +1 more

## Timeline

- **06-03-2024 — Initiation…**: The CIRP of the…
- **06-03-2024 — Appointment…**: Kanak Jani was appointed as 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)

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