# Approval of Resolution Plan - Rolta India Limited

> NCLT judgment dated 2025-12-10. Citation: TCN-2025-NCLT-01874. The application is filed by Dr. Mamta Binani, the Resolution Professional, for approval of the…

- **Court:** NCLT
- **Order date:** 10 Dec 2025
- **Citation:** TCN-2025-NCLT-01874
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-rolta-india-limited-7472ca26

## Summary

### Background

The application is filed by Dr. Mamta Binani, the Resolution Professional, for approval of the resolution plan for Rolta India Limited, the Corporate Debtor, submitted by Ashdan Properties Private Limited, the Successful Resolution Applicant (SRA). The resolution plan was approved by 100% of the Committee of Creditors (CoC).

## Facts

Dr. Mamta Binani is the Resolution Professional (RP) and Applicant.

Rolta India Limited is the Corporate Debtor.

Union Bank of India is the Financial Creditor.

Ashdan Properties Private Limited is the Successful Resolution Applicant (SRA).

The CIRP was initiated on 19.01.2023.

The CoC approved the Resolution Plan with 100% voting share on 02.08.2024.

The Resolution Plan value is INR 9,00,00,00,000/-.

The RP filed the application for approval of the Resolution Plan on 10.08.2024.

The Letter of Intent has been accepted by the Successful Resolution Applicant on 09.08.2024.

The Resolution Applicant has submitted Performance Security for an amount of Rs.25,00,00,000/- by way of a direct deposit by way of the Real Time Gross Settlement (RTGS) system on 09.08.2024.

## Issues and analysis

### Issue 1: Whether the Resolution Plan complies with the requirements of Section 30(2) of the Insolvency and …

**Ratio:** Section 30(2) of the IBC outlines the mandatory requirements for a resolution plan,

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**Reasoning:** The tribunal examined the Resolution Plan and found that it adequately addresses the

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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 Resolution Plan and

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Mamta B…
- **Respondents:** Rolta India…
- **Other parties:** Union Bank of…
- **Advocates:** Sandeep…; Aakansha…; +9 more

## Timeline

- **19.01.2023 — Initiation…**: The CIRP of Rolta India…
- **21.01.2023 — Public Annou…**: Public announcement was made to…

## 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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