# Approval of Resolution Plan - Vijaygroup Realty LLP

> NCLT judgment dated 2026-04-06. Citation: TCN-2026-NCLT-00280. This I.A. is filed by the Resolution Professional of Vijay Group Realty LLP under Section 30(6)…

- **Court:** NCLT
- **Order date:** 6 Apr 2026
- **Citation:** TCN-2026-NCLT-00280
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/approval-of-resolution-plan-vijaygroup-realty-llp-497697d4

## Summary

### Background

This I.A. is filed by the Resolution Professional of Vijay Group Realty LLP under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by Shree Naman Developers Private Limited.

## Facts

The Corporate Debtor is Vijay Group Realty LLP.

The Resolution Professional is Mr. Anshul Gupta.

The Resolution Plan was submitted by Shree Naman Developers Private Limited.

The CoC approved the Resolution Plan with 68.75% voting share.

The CIRP was initiated on 04.08.2021.

Anish Gupta was appointed as the Interim Resolution Professional (IRP).

JM Financial Asset Reconstruction Company Limited is the sole secured Financial Creditor.

The Resolution Plan has been filed in 1402 days after the commencement of CIRP.

The proposed plan value inclusive of CIRP cost is Rs. 22 crores which is 129% of the Liquidation value (which is Rs.17.03 crore).

## Issues and analysis

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

**Ratio:** The Adjudicating Authority is required to satisfy itself that the Resolution Plan, as

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**Reasoning:** The RP has complied with the requirement of the Code in terms of Section 30(2)(a) to

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**Interpretation:** The Resolution Plan must adhere to the statutory requirements outlined in

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**Application:** The Adjudicating Authority reviewed the Resolution Plan and found it to be in

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## Parties

- **Judges:** LAKSHMI G…; Hariharan…
- **Appellants:** Anshul…
- **Respondents:** Vijay Group…
- **Other parties:** JM Financial…; 77 other Unsecured…; +4 more
- **Advocates:** Rohit G…; Ajinkya Ku…; +3 more

## Timeline

- **2021-08-04 — Initiation…**: The Corporate Debtor was admitted into…
- **2021-08-04 — Appointment…**: Anish Gupta was appointed as the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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