# M/S. MYKIND VACATIONS PVT. LTD. vs. M/S DION GLOBAL SOLUTIONS LTD.

> NCLT judgment dated 2026-07-21. Citation: TCN-2026-NCLT-00641. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Dion Global…

- **Court:** NCLT
- **Order date:** 21 Jul 2026
- **Citation:** TCN-2026-NCLT-00641
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/ms-mykind-vacations-pvt-ltd-vs-ms-dion-global-solutions-ltd-sgo66

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Dion Global Solutions Ltd on August 18, 2020. Mr. Pardeep Kumar Lakhani was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). A Resolution Plan submitted by Indus IntelliRisk and IntelliSense Services Private Limited was approved by the Committee of Creditors (CoC) in its 9th meeting on April 26, 2021, with 100% voting share. Two addendums to the plan were later approved by the CoC in its 18th meeting on June 06, 2023, and 39th meeting on May 20, 2026. The Successful Resolution Applicant (SRA) deposited Rs. 80.30 lakh as a performance guarantee.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Dion Global Solutions Ltd on August 18, 2020.

Mr. Pradeep Kumar Lakhani was appointed as the Interim Resolution Professional (IRP) on August 18, 2020.

In the 1st Committee of Creditors (CoC) meeting on September 23, 2020, Mr. Pradeep Kumar Lakhani was appointed as the Resolution Professional (RP).

The initial CIRP period of 180 days was due to expire on February 14, 2021.

An application for a 90-day extension of the CIRP period was filed and subsequently allowed by the Tribunal on March 01, 2021.

Form G inviting Expressions of Interest (EOI) was published on November 01, 2020 (with a last date of November 16, 2020) and reissued on November 26, 2020 (with a last date of December 11, 2020).

…

## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by Indus IntelliRisk and IntelliSense Services Private …

**Ratio:** The Resolution Plan, as approved by the Committee of Creditors with 100% voting share,

…

**Reasoning:** The Resolution Professional filed a compliance certificate (Form-H) confirming the plan's

…

**Interpretation:** Compliance with Section 30(2) and Regulations 38 & 39 ensures that the

…

**Application:** The Adjudicating Authority, after reviewing the plan and the RP's submissions,

…

## Parties

- **Judges:** JYOTSNA S…; Anu Jagmoha…
- **Appellants:** M/S. MYKIND…; PARDEEP KUMAR…; +1 more
- **Respondents:** M/S DION GLOBAL…
- **Other parties:** Committee of…; Maninder Singh…; +4 more
- **Advocates:** Pardeep D…; Kinshuk Cha…

## Timeline

- **2020-08-18 — CIRP Initiation & IRP…**: Corporate Insolvency Resolution Process (CIRP) initiated against M/s Dion Global…
- **2020-09-23 — RP Appoin…**: In the 1st CoC meeting, the IRP, Mr. Pradeep Kumar Lakhani, was appointed as 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-new-delhi/ms-mykind-vacations-pvt-ltd-vs-ms-dion-global-solutions-ltd-sgo66