# Approval of Resolution Plan - Slimline Realty Private Limited

> NCLT judgment dated 2025-05-30. Citation: TCN-2025-NCLT-00950. The present Interlocutory Application (I.A.) (I.B.C) (Plan) No. 19/MB/2025 is filed by NPV…

- **Court:** NCLT
- **Order date:** 30 May 2025
- **Citation:** TCN-2025-NCLT-00950
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-slimline-realty-private-limited-f77d15b0

## Summary

### Background

The present Interlocutory Application (I.A.) (I.B.C) (Plan) No. 19/MB/2025 is filed by NPV Insolvency Professionals Private Limited through its authorized representative Mr. Mohit Bipinchandra Adatiya, the Applicant/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 undergoing Corporate Insolvency Resolution Process (CIRP).

NPV Insolvency Professionals Private Limited, through its authorized representative Mr. Mohit Bipinchandra Adatiya, is the Resolution Professional (RP) for the Corporate Debtor.

The Resolution Plan submitted by West End Investment & Finance Consultancy Private Limited was approved by 100% of the Committee of Creditors (CoC).

The RP filed an application seeking approval of the Resolution Plan.

The Corporate Debtor was admitted into CIRP on 15.05.2024.

The IRP made a public announcement inviting claims from creditors on 20.05.2024.

The CoC was constituted comprising the sole Financial Creditor.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by the SRA meets the requirements of Section 30(2) of the …

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

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**Reasoning:** The Adjudicating Authority must satisfy itself that the Resolution Plan, as approved by

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**Interpretation:** The Resolution Plan must provide for the payment of insolvency resolution

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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 — Admission in…**: The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP)…
- **20.05.2024 — Public Annou…**: The IRP made a public announcement…

## 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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