# Resolution Professional of Trig Guardforce Limited vs. Trig Guardforce Limited

> NCLT judgment dated 2026-09-30. Citation: TCN-2026-NCLT-01136. The Interlocutory Application (IA) was filed by Renascence Insolvency Resolution Professionals…

- **Court:** NCLT
- **Order date:** 30 Sept 2026
- **Citation:** TCN-2026-NCLT-01136
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-trig-guardforce-limited-mjnur

## Summary

### Background

The Interlocutory Application (IA) was filed by Renascence Insolvency Resolution Professionals Private Limited, through its authorized signatory Mr. Rajkumar Jaiswal, in his capacity as the Resolution Professional (RP) of Trig Guardforce Limited (Corporate Debtor). The application sought approval of the Resolution Plan dated 13.01.2026, submitted by a consortium comprising Mr. Upneet Saini and Mr. Narinder Pal Singh. The Corporate Insolvency Resolution Process (CIRP) against Trig Guardforce Limited commenced on 28.11.2024, following a Section 9 petition filed by M/S. Sawant Cafe. The Resolution Plan was approved by the Committee of Creditors (CoC) with a 100% voting share on 13.02.2026.

## Facts

IA (IBC)(Plan)/18/2026 was filed by Renascence Insolvency Resolution Professionals Private Limited, through its authorized signatory Mr. Rajkumar Jaiswal, as the Resolution Professional (RP) of Trig Guardforce Limited.

The application seeks approval of the Resolution Plan dated 13.01.2026 submitted by the consortium comprising Mr. Upneet Saini and Mr. Narinder Pal Singh.

The Corporate Insolvency Resolution Process (CIRP) against Trig Guardforce Limited commenced on 28.11.2024, following an order in CP(IB) No. 72(MB) of 2024, admitting a Section 9 petition filed by M/S. Sawant Cafe.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by the consortium of Mr. Upneet Saini and Mr. Narinder Pal …

**Ratio:** The Resolution Plan, having been approved by the Committee of Creditors (CoC) with 100%

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**Reasoning:** The RP submitted a compliance certificate in Form-H, explicitly stating that the

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**Interpretation:** Section 30(2) and the relevant CIRP Regulations establish mandatory conditions

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**Application:** The NCLT meticulously reviewed the Resolution Plan against each clause of

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## Parties

- **Judges:** ASHISH KALIA,…; BANWARI LAL…
- **Appellants:** RAJKUMAR J…; Renascence…; +3 more
- **Respondents:** Trig Guardforce…
- **Other parties:** Committee of…; Shammee S…; +8 more
- **Advocates:** Adv Anirudh…

## Timeline

- **1997-09-15 — Corporate Debtor…**: Trig Guardforce Limited (Corporate Debtor) was…
- **2024-07-01 — Cessation of O…**: The operations of the Corporate Debtor ceased since July 2024, leading to its…

## 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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