# Approval of Resolution Plan - Sabve Rohini Contractors Private Limited

> NCLT judgment dated 2026-03-24. Citation: TCN-2026-NCLT-00285. The application is filed by Mr. CA Pankaj Bhattad, the Resolution Professional, for Sabve…

- **Court:** NCLT
- **Order date:** 24 Mar 2026
- **Citation:** TCN-2026-NCLT-00285
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-sabve-rohini-contractors-private-limited-d30e13b7

## Summary

### Background

The application is filed by Mr. CA Pankaj Bhattad, the Resolution Professional, for Sabve Rohini Contractors Private Limited, seeking approval of the resolution plan submitted by Mason Infratech Limited.

## Facts

The Corporate Insolvency Resolution Process (CIRP) commenced upon admission of CP (IB) / 1023 (MB) 2024 filed under Section 7 of the Code vide order dated 27.3.2025.

Mr. Pankaj Bhattad was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional.

The Applicant issued a public announcement on 28 March 2025 inviting claims from creditors by 10.04.2025.

The Committee of Creditors (CoC) initially comprised of HRPL Restaurants Private Limited and Arora Holding Pvt. Ltd.

Bank of Baroda also submitted its claim on 30.04.2025, and the CoC was reconstituted.

Mason Infratech Limited submitted a resolution plan that was approved by the CoC with 96.70% of the voting share.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan complies with the provisions of the Insolvency and Bankruptcy Code, …

**Ratio:** Section 30(2) of the Code and Regulations 38(1), 38(1)(a), 38(2)(a), 38(2)(b), 38(2)(c)

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**Reasoning:** The RP has complied with the requirement of the Code in terms of Section 30(2)(a) to

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**Interpretation:** The Resolution Plan must adhere to the statutory requirements outlined in the

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**Application:** The RP has filed Compliance Certificate in Form-H along with the Resolution

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** HRPL Restaurants…; Mr.CA Pankaj…
- **Respondents:** Sabve Rohini…
- **Other parties:** Arora Holding…; Bank of B…; +2 more
- **Advocates:** Bhupendra…

## Timeline

- **2025-03-27 — Initiation…**: Corporate Insolvency Resolution Process (CIRP) commenced upon admission of CP (IB) / 1023…
- **2025-03-27 — Appointment…**: Mr. Pankaj Bhattad was appointed as the…

## 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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