# Approval of Resolution Plan - Kute Sons Fresh Dairy Private Limited

> NCLT judgment dated 2026-04-06. Citation: TCN-2026-NCLT-00281. The application is filed by Aegis Resolution Services Private Limited, the Resolution…

- **Court:** NCLT
- **Order date:** 6 Apr 2026
- **Citation:** TCN-2026-NCLT-00281
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-kute-sons-fresh-dairy-private-limited-00052c5f

## Summary

### Background

The application is filed by Aegis Resolution Services Private Limited, the Resolution Professional of Kute Sons Fresh Dairy Private Limited, seeking approval of the Resolution Plan submitted by the Consortium of Mr. Ajinath Ramu Hajare and Oximax Agritech Industries Private Limited.

## Facts

The application is filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, r/w Regulation 39(4) of the IBBI Regulations, 2016.

The Resolution Plan was submitted by the Consortium of Mr. Ajinath Ramu Hajare and Oximax Agritech Industries Private Limited.

The CoC approved the Resolution Plan with 100% voting share in its 9th meeting held on 22.01.2026.

Mr. Ritesh R. Mahajanas was appointed as the Interim Resolution Professional (IRP) on 26.06.2025.

CSB Bank Limited is the sole secured financial creditor of the Corporate Debtor, holding 100% voting share in the CoC.

The Resolution Professional received seven Expressions of Interest (EOIs) from prospective resolution applicants.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan …

**Ratio:** The Resolution Plan must comply with all the

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**Reasoning:** Section 30(2) outlines the mandatory requirements for a Resolution Plan, including

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**Interpretation:** The Tribunal must ensure that the Resolution Plan adheres to each of the

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**Application:** The Tribunal found that the Resolution Plan satisfies all the mandatory

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Aegis Resolution…; CSB Bank L…
- **Respondents:** Kute Sons Fresh…; Consortium of Mr.…; +1 more
- **Other parties:** Ritesh R.…; Siddhant A…
- **Advocates:** Himanshu V…; Rushab C…; +3 more

## Timeline

- **2025-06-26 — Initiation…**: Date of Initiation of…
- **2025-06-26 — Appointment…**: Date of Appointment of…

## 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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