# Approval of Resolution Plan - Vibrant Buildwell Private Limited

> NCLT judgment dated 2025-11-04. Citation: TCN-2025-NCLT-01594. The application was filed by Mr. Ashish Singh, the Resolution Professional (RP) of M/s. Vibrant…

- **Court:** NCLT
- **Order date:** 4 Nov 2025
- **Citation:** TCN-2025-NCLT-01594
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/approval-of-resolution-plan-vibrant-buildwell-private-limited-79799805

## Summary

### Background

The application was filed by Mr. Ashish Singh, the Resolution Professional (RP) of M/s. Vibrant Buildwell Private Limited, seeking approval of the Resolution Plan submitted by the Successful Resolution Applicant (SRA), M/s. Bishwanath Traders and Investment Limited.

## Facts

An application under Section 7 of the IBC was filed by the Financial Creditor, M/s Dilwara Leasing and Investment Limited, against the Corporate Debtor, M/s. Vibrant Buildwell Private Limited.

The application was admitted on 22.02.2022, and a moratorium was declared, including the appointment of Mr. Ashish Singh as the Interim Resolution Professional (IRP).

The 1st CoC meeting was convened on 19.03.2022, and the Applicant (Ashish Singh) was confirmed as the Resolution Professional with 100% voting share.

The Resolution Plan submitted by the Successful Resolution Applicant, M/s. Bishwanath Traders and Investment Limited, was approved by the CoC in its 8th CoC meeting dated 29.08.2022 with 100% voting share.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan …

**Ratio:** The Resolution Plan must provide for the payment of insolvency resolution process costs,

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**Reasoning:** Section 30(2) of the IBC specifies the mandatory requirements for a Resolution Plan to be

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**Interpretation:** The Adjudicating Authority must ensure that the Resolution Plan adheres to all

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**Application:** The Adjudicating Authority found that the Resolution Plan complied with Section

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## Parties

- **Judges:** MANNI SANKARIAH…; ATUL CHAT…
- **Appellants:** Ashish…
- **Respondents:** Vibrant Buildwell…
- **Other parties:** Dilwara Leasing…
- **Advocates:** Sumant…; Abhishek…; +2 more

## Timeline

- **2022-02-22 — Admission of Ap…**: Application under Section 7 of IBC admitted; Moratorium declared; Mr. Ashish Singh…
- **2022-03-19 — 1st CoC M…**: First meeting of the Committee of Creditors convened; Applicant confirmed as Resolution…

## 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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