# Approval of Resolution Plan - Rajat Commercial Enterprises Private Limited

> NCLT judgment dated 2025-11-28. Citation: TCN-2025-NCLT-01818. The case pertains to an application filed by the Resolution Professional, Vinod Kumar…

- **Court:** NCLT
- **Order date:** 28 Nov 2025
- **Citation:** TCN-2025-NCLT-01818
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-rajat-commercial-enterprises-private-limited-093e6883

## Summary

### Background

The case pertains to an application filed by the Resolution Professional, Vinod Kumar Bukalsaria, on behalf of the Committee of Creditors (CoC) of Rajat Commercial Enterprises Private Limited, seeking approval of the Resolution Plan submitted by Ladhu Lal Soni.

## Facts

Interlocutory Application (I.A.) (I.B.C) (Plan) No.104/MB/2024 was filed by Vinod Kumar Bukalsaria, the Resolution Professional, on 05.08.2024.

The application seeks approval of the Resolution Plan under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016.

The Resolution Plan was submitted by Ladhu Lal Soni, the Successful Resolution Applicant (SRA).

The CoC approved the Resolution Plan with 100% voting share in its 07th meeting held on 27.06.2024.

The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Code, on a petition filed by Krishkan Investment Private Limited.

Mona L. Vora was initially appointed as the Interim Resolution Professional.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Ladhu Lal Soni meets the requirements of Section 30 of the …

**Ratio:** Section 30(2) of the IBC outlines the requirements that a resolution plan must meet for

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**Reasoning:** The Tribunal perused the Resolution Plan and found that it complies with the provisions

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**Interpretation:** The Tribunal interpreted Section 30(2) to ensure that the Resolution Plan

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**Application:** The Tribunal applied the provisions of Section 30(2) to the specific details of

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## Parties

- **Judges:** ASHISH…; SANJIV…
- **Appellants:** Vinod Kumar…; Krishkan Investmen…
- **Respondents:** Rajat Commercial…
- **Other parties:** Mona L.…
- **Advocates:** Bhupendra…

## Timeline

- **2023-09-16 — Public Annou…**: Public announcement in Form A was…
- **2023-10-14 — 1st CoC M…**: The IRP, Mona L. Vora, was appointed…

## 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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