# In the matter of Sinnar Termal Power Ltd.

> NCLT judgment dated 2025-10-14. Citation: TCN-2025-NCLT-01608. The case involves an application by RR Infralands Pvt. Ltd. seeking to treat funds disbursed to…

- **Court:** NCLT
- **Order date:** 14 Oct 2025
- **Citation:** TCN-2025-NCLT-01608
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/sinnar-termal-power-ltd-28291756

## Summary

### Background

The case involves an application by RR Infralands Pvt. Ltd. seeking to treat funds disbursed to Sinnar Thermal Power Ltd. (STPL) as Insolvency Resolution Process (IRP) costs. Shapoorji Pallonji & Co. Pvt. Ltd. initiated CIRP against STPL. RR Infralands, a promoter-owned company, disbursed funds to STPL during the CIRP period when the IRP was restrained by an NCLAT order.

## Facts

Shapoorji Pallonji & Co. Pvt. Ltd., an operational creditor, initiated CIRP against Sinnar Thermal Power Ltd. (STPL).

RR Infralands Pvt. Ltd., a promoter-owned company, disbursed Rs. 4,11,27,310 to STPL between 26.09.2022 and 19.01.2024.

The disbursements were made during a period when the IRP was restrained from taking further steps by an order of the NCLAT.

RR Infralands filed a claim as a financial creditor for Rs. 20,19,48,310, which was later admitted for Rs. 16,08,21,000.

The CoC rejected the approval of RRIPL Expenses.

The IRP was replaced by Mr. Rahul Jindal on 19.03.2024.

RR Infralands sought to have the disbursed amount treated as CIRP costs.

## Issues and analysis

### Issue 1: Whether the funds disbursed by RR Infralands Pvt. Ltd. to Sinnar Thermal Power Ltd. can be …

**Ratio:** Expenses incurred by the Resolution Professional in running the business of the corporate

…

**Reasoning:** Section 5(13)(c) of the IBC expressly confines CIRP Costs to expenses incurred by the

…

**Interpretation:** The term 'costs incurred by the resolution professional' is interpreted

…

**Application:** Since the funds were disbursed by the promoter and not the RP, they do not meet

…

## Parties

- **Judges:** MANNI SANKARIAH…; ATUL CHAT…
- **Appellants:** Chandan M…; RR Infralands…
- **Respondents:** Sinnar Thermal…; STPL…; +1 more
- **Other parties:** Rahul J…; Adarsh S…; +2 more
- **Advocates:** Karan B…; Karan M…; +6 more

## Timeline

- **2019-09-19 — Filing of…**: Operational Creditor filed CP(IB) No. 2561/ND/2019 under Section 9 of the IBC against the…
- **2022-09-19 — Admission of…**: This Hon'ble Tribunal admitted the petition, thereby initiating the CIRP of the Corporate…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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