# Approval of Resolution Plan - Unijules Life Sciences Limited

> NCLT judgment dated 2025-11-13. Citation: TCN-2025-NCLT-01631. The case involves multiple applications related to the Corporate Insolvency Resolution Process…

- **Court:** NCLT
- **Order date:** 13 Nov 2025
- **Citation:** TCN-2025-NCLT-01631
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-unijules-life-sciences-limited-defbf514

## Summary

### Background

The case involves multiple applications related to the Corporate Insolvency Resolution Process (CIRP) of Unijules Life Sciences Limited. Amit Chandrashekhar Poddar, the Resolution Professional, filed an application seeking approval of a Resolution Plan submitted by S.S. Fabricators & Manufacturers Private Limited. Simultaneously, Consortium of Shantech International Pvt Ltd. and Worldfa Exports Pvt Ltd., and Satsai Finlease Private Limited filed applications challenging the resolution process and seeking various reliefs.

## Facts

Corporate Debtor, Unijules Life Sciences Limited, underwent CIRP following an order dated 08.03.2019.

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

Public announcement was made on 11.03.2019, inviting claims from creditors.

The RP received multiple Resolution Plans, including one from Adroit Pharmaceuticals Private Limited, which was initially approved but later rejected.

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

Consortium of Shantech International Pvt Ltd. and Worldfa Exports Pvt Ltd. and Satsai Finlease Private Limited filed applications challenging the resolution process.

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## Issues and analysis

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

**Ratio:** Section 30(2) of the IBC outlines the requirements that a Resolution Plan must meet,

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**Reasoning:** The Tribunal examined the Resolution Plan and the Compliance Certificate submitted by the

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**Interpretation:** The Tribunal interpreted Section 30(2) to mean that the Resolution Plan must

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**Application:** The Tribunal applied Section 30(2) to the facts of the case and concluded that

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Consortium of…; Worldfa Exports…; +2 more
- **Respondents:** Unijules Life…; Amit Po…
- **Other parties:** Pawan Cho…; Punjab National…
- **Advocates:** Rohit G…; Abdullah Q…; +5 more

## Timeline

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