# Approval of Resolution Plan - Sinnar Thermal Power Limited

> NCLT judgment dated 2025-11-28. Citation: TCN-2025-NCLT-01816. An application was filed by Mr. Rahul Jindal, the Resolution Professional (RP) of M/s. Sinnar…

- **Court:** NCLT
- **Order date:** 28 Nov 2025
- **Citation:** TCN-2025-NCLT-01816
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/approval-of-resolution-plan-sinnar-thermal-power-limited-50651204

## Summary

### Background

An application was filed by Mr. Rahul Jindal, the Resolution Professional (RP) of M/s. Sinnar Thermal Power Limited, for the approval of the Resolution Plan under Section 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016. The application was filed in respect of M/s. Sinnar Thermal Power Limited.

## Facts

An application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by the Operational Creditor i.e., M/s Shapoorji Pallonji & Co. Private Limited against the Corporate Debtor M/s. Sinnar Thermal Power Limited.

The said application was admitted by the order of this Adjudicating Authority dated 19.09.2022.

Adarsh Sharma was appointed as Interim Resolution Professional (‘IRP’) of the Corporate Debtor.

The Corporate Debtor i.e., M/s Sinnar Thermal Power Ltd. was incorporated under the Companies Act, 1956 as a Public Company on 03.01.2007.

On 21.09.2022, the erstwhile IRP issued the Public Announcement in accordance with the Code and the CIRP Regulations.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by the consortium of MAHAGENCO and NTPC Ltd. meets the …

**Ratio:** The Adjudicating Authority is required to ensure that the Resolution Plan complies with

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**Reasoning:** The Adjudicating Authority analyzed the Resolution Plan and found that it was in

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**Interpretation:** Section 30(2) of the Code sets out the mandatory requirements that a Resolution

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**Application:** The Adjudicating Authority applied the provisions of Section 30(2) of the Code

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## Parties

- **Judges:** MANNI SANKARIAH…; ATUL CHAT…
- **Appellants:** Rahul J…
- **Respondents:** Sinnar Thermal…; Committee of…; +1 more
- **Other parties:** Power Finance…; REC Lim…; +6 more
- **Advocates:** Abhinav V…; Bishwajit…; +7 more

## Timeline

- **2019 — Initiation…**: CIRP initiated against…
- **2022-09-19 — Admission of Ap…**: Application filed by Shapoorji Pallonji & Co. Private Limited admitted by the…

## 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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