# Approval of Resolution Plan - Unijules Life Sciences Limited

> NCLT judgment dated 2025-11-13. Citation: TCN-2025-NCLT-01867. The case involves multiple applications related to the Corporate Insolvency Resolution Process…

- **Court:** NCLT
- **Order date:** 13 Nov 2025
- **Citation:** TCN-2025-NCLT-01867
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-unijules-life-sciences-limited-4e8aa0aa

## Summary

### Background

The case involves multiple applications related to the Corporate Insolvency Resolution Process (CIRP) of Unijules Life Sciences Limited. IA (Plan) No. 67 of 2025 was filed by the Resolution Professional seeking approval of the Resolution Plan. IA No. 3566 of 2025 and IA No. 5056 of 2025 were filed by dissenting applicants challenging the resolution process.

## Facts

Corporate Debtor, Unijules Life Sciences Limited, underwent CIRP initiated on 08.03.2019.

Amit Chandrashekhar Poddar was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP).

The RP published Form G inviting Expression of Interest (EoI) from prospective resolution applicants.

S.S. Fabricators & Manufacturers Private Limited submitted a Resolution Plan that was approved by the CoC with 98.54% voting share.

Dissenting financial creditor Satsai Finlease Private Limited holding 1.13% of the voting share in the COC raised objections regarding the unpaid CIRP costs and treatment of Employees' Provident Fund.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by S.S. Fabricators & Manufacturers Pvt. Ltd. meets the …

**Ratio:** Section 30(2) of the IBC and Regulation 38 of the CIRP Regulations specify the

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**Reasoning:** The Tribunal examined the Resolution Plan and found that it provided for payment of CIRP

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**Interpretation:** The Tribunal interpreted Section 30(2) and Regulation 38 to require a

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**Application:** The Tribunal applied these provisions to the Resolution Plan and found it to be

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Amit Chandrashekha…; Consortium of…; +1 more
- **Respondents:** Unijules Life…; Amit Poddar…
- **Other parties:** Punjab National…
- **Advocates:** Rohit G…; Abdullah Q…; +5 more

## Timeline

- **2018 — Initiation…**: CP(IB) No. 3080 of 2018…
- **2019-03-08 — Admission of…**: The Tribunal admitted the petition for the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 30 — Submission of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-30)

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