# Approval of Resolution Plan - SQ Infrastructure Private Limited

> NCLT judgment dated 2025-10-10. Citation: TCN-2025-NCLT-01572. The case involves an application filed by Mrs. Chetna Sutaria, the Resolution Professional (RP)…

- **Court:** NCLT
- **Order date:** 10 Oct 2025
- **Citation:** TCN-2025-NCLT-01572
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-sq-infrastructure-private-limited-8af91b8a

## Summary

### Background

The case involves an application filed by Mrs. Chetna Sutaria, the Resolution Professional (RP) of SQ Infrastructure Private Limited, seeking approval of a resolution plan submitted by Pro-Earth Housing Corp Pvt. Ltd. in consortium with Quality Heightcon Pvt. Ltd.

## Facts

The Corporate Debtor (CD) is SQ Infrastructure Private Limited.

The Resolution Professional (RP) is Mrs. Chetna Sutaria.

The Resolution Plan was submitted by Pro-Earth Housing Corp Pvt. Ltd. in consortium with Quality Heightcon Pvt. Ltd.

The Committee of Creditors (CoC) approved the Resolution Plan with 100% voting share.

The CIRP was initiated based on an application filed by Quality Heightcon Pvt. Ltd. under Section 9 of the IBC.

Mr. Abhijit S. Gokhale was initially appointed as the Interim Resolution Professional (IRP) and was later replaced by Mrs. Chetna Paresh Sutaria.

The SRA states that out of the total claims filed by the creditors, claims amounting to Rs.35,35,32,378/- have been admitted by the Applicant/RP.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Pro-Earth Housing Corp Pvt. Ltd. in consortium with …

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

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**Reasoning:** The Adjudicating Authority must ensure that the resolution plan complies with the

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**Interpretation:** The Adjudicating Authority interprets Section 30(2) to require a thorough

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**Application:** The Adjudicating Authority reviewed the Resolution Plan and found that it meets

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## Parties

- **Judges:** ANIL RAJ C…; K. R. SAJI…
- **Appellants:** Chetna Su…
- **Respondents:** SQ Infrastructure…
- **Other parties:** Fanny Ashit…; Jerry Anthony…; +11 more
- **Advocates:** Rohit G…; Geeta Tor…; +3 more

## Timeline

- **2025-10-10 — Order Pron…**: The order was…
- **2023-12-18 — CIRP Init…**: The Adjudicating Authority initiated CIRP…

## 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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