# Approval of Resolution Plan - Esteem Press Parts Private Limited

> NCLT judgment dated 2026-04-06. Citation: TCN-2026-NCLT-00340. The Resolution Professional, Mr. Vinod Balasaheb Dongare, filed an application under Section…

- **Court:** NCLT
- **Order date:** 6 Apr 2026
- **Citation:** TCN-2026-NCLT-00340
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-esteem-press-parts-private-limited-17bc1e11

## Summary

### Background

The Resolution Professional, Mr. Vinod Balasaheb Dongare, filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Esteem Press Parts Private Limited.

## Facts

The application was filed by the Resolution Professional, Mr. Vinod Balasaheb Dongare, under Section 30(6) of the IBC.

The Resolution Plan was submitted by Unity Industry and approved by the CoC with 75.11% voting share.

Axis Bank Ltd was the principal secured financial creditor holding 75.11% voting share.

Standard Chartered Bank and Tata Capital Ltd were the unsecured financial creditors having 18.01% and 6.88% voting share each respectively.

The CIRP period was extended by 90 days and then by 60 days.

The Resolution Plan provides for payment of CIRP costs and repayment of debts of operational creditors and financial creditors.

The Resolution Applicant has made a provision of Rs. 53,55,185 towards the Contingent Provident Fund Liability.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Unity Industry complies with the requirements of Section …

**Ratio:** The Tribunal found that the Resolution Plan satisfies all the mandatory requirements of

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**Reasoning:** The Form H Compliance Certificate clearly demonstrates that the Plan provides for payment

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**Interpretation:** The Resolution Plan must adhere to the provisions of the IBC and CIRP

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**Application:** The Tribunal examined the Resolution Plan and found it to be in compliance with

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Vinod Balasaheb…
- **Respondents:** Esteem Press…; UNITY IND…
- **Other parties:** Axis Ban…; Standard Chartered…; +1 more
- **Advocates:** Raina B…

## Timeline

- **N/A — Admission…**: Tribunal appointed Mr. Vinod Balasaheb Dongare as the interim resolution professional of…
- **2025-02-10 — First meeting of the…**: The first meeting of 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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