# In the matte of State Bank of India vs. Amrit Pal Chadha

> NCLT judgment dated 2025-07-18. Citation: TCN-2025-NCLT-01154. State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 18 Jul 2025
- **Citation:** TCN-2025-NCLT-01154
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/in-the-matte-of-state-bank-of-india-vs-amrit-pal-chadha-8ec1217d

## Summary

### Background

State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Mr. Amrit Pal Chadha, the Personal Guarantor of M/s C&C Construction Ltd. for approval of the Repayment Plan.

## Facts

State Bank of India filed an application under Section 95 of the IBC against Mr. Amrit Pal Chadha, the Personal Guarantor of M/s C&C Construction Ltd.

The Adjudicating Authority appointed Mr. Deepak Maini as the Resolution Professional.

The RP filed a report under Section 99 of the Code recommending initiation of PIRP.

The AA admitted the petition and initiated PIRP under Section 100 of the Code.

The RP issued a public notice inviting claims from creditors.

The RP prepared a statement of affairs based on the information received from the PG.

The creditors approved the repayment plan with a 77.50% majority.

The AA approved the Repayment Plan of INR 4,65,00,000/- with certain directions.

## Issues and analysis

### Issue 1: Whether the Repayment Plan submitted by Mr. Amrit Pal Singh Chadha should be approved under Section …

**Ratio:** Section 114(1) of the IBC, 2016 states that the AA shall approve or reject the Repayment

…

**Reasoning:** The creditors approved the repayment plan with a 77.50% majority. The Resolution

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**Interpretation:** The AA needs to approve or reject the repayment plan on the basis of the report

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**Application:** The AA approved the Repayment Plan dated

…

## Parties

- **Judges:** Ramalingam…; RAVINDRA CHATURVED…
- **Appellants:** State Bank of…; Deepak…
- **Respondents:** C&C Construction…; Amrit Pal…
- **Advocates:** Shipra…; Kaveri…; +1 more

## Timeline

- **18.07.2025 — Order Pron…**: Order pronounced on…
- **N/A — Application under…**: State Bank of India filed an application under Section 95 of the Code against Mr. Amrit…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 114 — Order of Adjudicating Authority on repayment plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-114)

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