# Approval of Resolution Plan - Hotel Horizon Private Limited

> NCLT judgment dated 2026-01-29. Citation: TCN-2026-NCLT-00089. The Resolution Professional, Pravin R. Navandar, filed an application under Section 30(6) of…

- **Court:** NCLT
- **Order date:** 29 Jan 2026
- **Citation:** TCN-2026-NCLT-00089
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-hotel-horizon-private-limited-a20984ab

## Summary

### Background

The Resolution Professional, Pravin R. Navandar, filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Hotel Horizon Private Limited.

## Facts

The application was filed by Pravin R. Navandar, the Resolution Professional of Hotel Horizon Private Limited.

The Resolution Plan was submitted by Consortium Of Oberoi Realty Limited, Shree Aman Developers Private Limited And JM Financial Properties And Holdings Limited.

The CoC approved the Resolution Plan with 100% votes.

JM Assets Care & Reconstruction Enterprise Limited held 53.99% voting share and CFM Asset Reconstruction Private Limited held 46.01% voting share.

The Resolution Plan provides for payment of CIRP costs and a total resolution amount of INR 919,00,00,000.

The Resolution Professional submitted Form-H certifying compliance with CIRP Regulations.

The Corporate Debtor is Hotel Horizon Private Limited.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan meets the …

**Ratio:** Section 30(2) of the Code specifies the mandatory requirements that a Resolution Plan

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**Reasoning:** The Tribunal considered the submissions of the Resolution Professional and the Compliance

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**Interpretation:** The Resolution Plan provides for payment of CIRP costs in priority, ensures

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**Application:** The Tribunal applied the provisions of Section 30(2) of the Code and the

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Pravin R. N…
- **Respondents:** Hotel Horizon…; Consortium Of…; +2 more
- **Other parties:** JM Assets Care &…; CFM Asset…; +1 more
- **Advocates:** Rohit G…; Saloni Ka…; +8 more

## Timeline

- **2025-07-10 — Resolution Pl…**: Resolution Plan dated 10.07.2025 submitted by Consortium Of Oberoi Realty Limited, Shree…
- **2025-07-11 — 14th Meeting…**: 14th Meeting of the CoC…

## 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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