# Approval of Resolution Plan - Sterling Healthcare Limited

> NCLT judgment dated 2025-11-13. Citation: TCN-2025-NCLT-01629. The application was filed by Mr. Dhiren Shah, the Resolution Professional of Sterling…

- **Court:** NCLT
- **Order date:** 13 Nov 2025
- **Citation:** TCN-2025-NCLT-01629
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-sterling-healthcare-limited-e3d5b33a

## Summary

### Background

The application was filed by Mr. Dhiren Shah, the Resolution Professional of Sterling Healthcare Limited, seeking approval of the resolution plan submitted by Mrs. Kanak S. Kewalramani, which was approved by 100% of the Committee of Creditors (CoC).

## Facts

The application was filed on 01.02.2025 by Mr. Dhiren Shah, Resolution Professional of Sterling Healthcare Limited.

The Resolution Plan was approved by 100% of the voting share of the members of the Committee of Creditors (CoC) at the 14th CoC meeting dated 25.01.2025.

The CIRP of the Corporate Debtor was initiated vide this Tribunal's order dated 07.12.2023.

Mr. Dhiren Shah was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.

The fair value of the Corporate Debtor was determined as Rs. 15,96,50,427/- and the liquidation value was determined as Rs. 9,85,94,680/-.

Mrs. Kanak S. Kewalramani is the Successful Resolution Applicant (SRA).

## Issues and analysis

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

**Ratio:** The Resolution Plan must provide for the payment of insolvency resolution process costs,

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**Reasoning:** The tribunal perused the Resolution Plan and found that it provides for the payment of

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**Interpretation:** Section 30(2) of the Code sets out the mandatory requirements that a resolution

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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:** Sushil Mahadeorao…; Prabhat…
- **Appellants:** Dhiren…
- **Respondents:** Sterling Healthcar…
- **Other parties:** L&T Finance…; Dhiren S.…
- **Advocates:** Karan Vir…; Siddhesh…; +3 more

## Timeline

- **2023-12-07 — Initiation…**: The CIRP of the…
- **2023-12-07 — Appointment…**: Mr. Dhiren Shah 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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