# Approval of Resolution Plan - Slimline Realty Private Limited

> NCLT judgment dated 2025-05-30. Citation: TCN-2025-NCLT-00948. The Interlocutory Application (I.A.) (I.B.C) (Plan) No. 19/MB/2025 was filed by NPV Insolvency…

- **Court:** NCLT
- **Order date:** 30 May 2025
- **Citation:** TCN-2025-NCLT-00948
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-slimline-realty-private-limited-da1078e0

## Summary

### Background

The Interlocutory Application (I.A.) (I.B.C) (Plan) No. 19/MB/2025 was filed by NPV Insolvency Professionals Private Limited, the Resolution Professional of Slimline Realty Private Limited, seeking approval of the Resolution Plan under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016.

## Facts

The Corporate Debtor, Slimline Realty Private Limited, is engaged in the real estate business.

The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by RMOL Engineering and Offshore Limited.

Mr. Shubham Agarwal Goyal was appointed as the Interim Resolution Professional (IRP).

NPV Insolvency Professionals Private Limited was appointed as the Resolution Professional (RP).

The Committee of Creditors (CoC) comprised of the sole Financial Creditor.

West End Investment & Finance Consultancy Private Limited submitted the Resolution Plan, which was approved by the CoC with 100% voting share.

The Resolution Plan proposed Rs. 5,89,04,400/- for the resolution of the Corporate Debtor.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by West End Investment & Finance Consultancy Private …

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

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**Reasoning:** The Tribunal reviewed the Resolution Plan to ensure it complies with Section 30(2),

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

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**Application:** The Tribunal found that the Resolution Plan fulfills all the requirements of

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## Parties

- **Judges:** SANJIV…; ASHISH…
- **Appellants:** NPV Insolvency…
- **Respondents:** Slimline Realty…
- **Other parties:** RMOL Engineering…; Shubham Agarwal…; +1 more
- **Advocates:** Rohan Ag…

## Timeline

- **15.05.2024 — CIRP Init…**: Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process…
- **2024-05-20 — Public Annou…**: The IRP made a Public Announcement in Form 'A' inviting claims from the creditors against…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 19(2) — Personnel to extend co-operation to interim…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-19)

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