# Approval of Resolution Plan - Tranzlease Holdings (India) Private Limited

> NCLT judgment dated 2026-01-30. Citation: TCN-2026-NCLT-00178. The Resolution Professional, Mr. Atul Tandon, filed an application under Section 30(6) read…

- **Court:** NCLT
- **Order date:** 30 Jan 2026
- **Citation:** TCN-2026-NCLT-00178
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-tranzlease-holdings-india-private-limited-6c542c9b

## Summary

### Background

The Resolution Professional, Mr. Atul Tandon, filed an application under Section 30(6) read with Section 31(1) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Tranzlease Holding (India) Private Limited.

## Facts

The application was filed by Resolution Professional Mr. Atul Tandon.

The Resolution Plan was submitted by Consortium Of Bunty Realtors and Bunty Properties Unit XI.

The Resolution Plan was approved by the CoC with 94.85% votes on 30.10.2025.

The CIRP was initiated on 04.12.2024, and Mr. Atul Tandon was appointed as the interim resolution professional.

The Committee of Creditors was constituted on 27.12.2024.

The Resolution Plan provides for a total resolution consideration of INR 7,00,00,000/-.

The Resolution Plan provides for payment of CIRP costs, repayment of debts of Operational Creditors, and management of the affairs of the Corporate Debtor.

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## Issues and analysis

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

**Ratio:** The Tribunal must ensure that the Resolution Plan satisfies all the mandatory

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**Reasoning:** Section 30(2) specifies the conditions that a Resolution Plan must fulfill, including

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**Interpretation:** The Resolution Plan must provide for the matters specified in Section 30(2) to

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**Application:** The Tribunal found that the Resolution Plan satisfies all the mandatory

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** NPV Insolvency…
- **Respondents:** Tranzlease…; Consortium Of…; +1 more
- **Other parties:** Atul Ta…; Hari Prakash…
- **Advocates:** Mily Gh…; Sophia Hu…

## Timeline

- **04.12.2024 — Initiation…**: Date of Initiation of…
- **04.12.2024 — Appointment…**: Date of Appointment of…

## 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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