# Approval of Resolution Plan - Rajat Commercial Enterprises Private Limited

> NCLT judgment dated 2025-11-28. Citation: TCN-2025-NCLT-01739. The Interlocutory Application (I.A.) (I.B.C) (Plan) No.104/MB/2024 was filed by Mr. Vinod Kumar…

- **Court:** NCLT
- **Order date:** 28 Nov 2025
- **Citation:** TCN-2025-NCLT-01739
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-rajat-commercial-enterprises-private-limited-6be8f852

## Summary

### Background

The Interlocutory Application (I.A.) (I.B.C) (Plan) No.104/MB/2024 was filed by Mr. Vinod Kumar Bukalsaria, the Resolution Professional, on behalf of the Committee of Creditors (CoC) of Rajat Commercial Enterprises Private Limited, the Corporate Debtor, seeking approval of the Resolution Plan under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016.

## Facts

IA (I.B.C) (Plan) No. 104/MB/2024 was filed by the Resolution Professional seeking approval of the Resolution Plan.

The Resolution Plan was submitted by Mr. Ladhu Lal Soni.

The CoC approved the Resolution Plan with 100% voting share.

The Corporate Debtor was admitted into CIRP under Section 7 of the Code.

Krishkan Investment Private Limited filed the petition to initiate CIRP.

Mona L. Vora was initially appointed as the Interim Resolution Professional and later replaced by Vinod Kumar Bukalsaria.

The Resolution Professional issued a public announcement in Form A, inviting claims.

The Committee of Creditors (CoC) was constituted with Krishkan Investment Private Limited as the sole Financial Creditor.

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## Issues and analysis

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

**Ratio:** The Resolution Plan must comply with the requirements set forth under Section 30(2)(A) to

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**Reasoning:** The Tribunal perused the Resolution Plan and found it to be in compliance with the

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**Interpretation:** Section 30(2) sets out the mandatory requirements for a Resolution Plan to be

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**Application:** The Tribunal found that the Resolution Plan complied with all the requirements

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## Parties

- **Judges:** ASHISH…; SANJIV…
- **Appellants:** Vinod Kumar…; Ladhu Lal…; +1 more
- **Respondents:** Rajat Commercial…
- **Other parties:** Committee of…; Mona L.…
- **Advocates:** Bhupendra…

## Timeline

- **2024-08-05 — Filing o…**: Interlocutory Application (I.A.) (I.B.C) (Plan) No.104/MB/2024 is filed by Mr. Vinod…
- **2023-09-12 — Admission in…**: Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process…

## 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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