# Sudhanshu Gupta (Resolution Professional) vs. M/s Sawalsha Leasing & Finance Private Limited (Resolution Applicant)

> NCLT judgment dated 2026-07-15. Citation: TCN-2026-NCLT-00665. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s ECA Engineering…

- **Court:** NCLT
- **Order date:** 15 Jul 2026
- **Citation:** TCN-2026-NCLT-00665
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/sudhanshu-gupta-resolution-professional-vs-ms-sawalsha-leasing-finance-private-l-xztb7

## Summary

### Background

The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s ECA Engineering Private Limited. Mr. Sudhanshu Gupta was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). A Resolution Plan was submitted by M/s Sawalsha Leasing & Finance Private Limited (Successful Resolution Applicant/SRA) and was approved by the Committee of Creditors (CoC) with 100% voting in its 7th meeting. The RP filed an application with the National Company Law Tribunal (NCLT) seeking approval of this Resolution Plan.

## Facts

The present application (I.A (Plan) /43/ND/2025) was filed by Mr. Sudhanshu Gupta, the Resolution Professional (RP) for M/s. ECA Engineering Private Limited (Corporate Debtor/CD).

The application seeks approval of the Resolution Plan submitted by M/s Sawalsha Leasing & Finance Private Limited (Successful Resolution Applicant/SRA).

The Resolution Plan was approved by the Committee of Creditors (CoC) in its 7th CoC meeting convened on 03.04.2025 with 100% voting in favour.

Corporate Insolvency Resolution Process (CIRP) was initiated against M/s ECA Engineering Private Limited by an order dated 09.07.2024.

Mr. Sudhanshu Gupta was appointed as the Interim Resolution Professional (IRP) on 09.07.2024.

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## Issues and analysis

### Issue 1: Whether the Resolution Plan submitted by M/s Sawalsha Leasing & Finance Private Limited, as …

**Ratio:** The Resolution Plan, along with its addendum, was approved by the CoC with 100% voting

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**Reasoning:** The Resolution Professional (RP) certified the plan's compliance with the IBC and CIRP

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**Interpretation:** The unanimous approval by the CoC and the RP's certification of compliance

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**Application:** The NCLT, upon reviewing the submissions and documents, concluded that the

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## Parties

- **Judges:** MAHENDRA KHANDELWA…; Anu Jagmoha…
- **Appellants:** Sudhanshu…
- **Respondents:** M/s. ECA Engineeri…; M/s Sawalsha…
- **Other parties:** Marlin Travels…; Raja Towers Pvt…; +1 more
- **Advocates:** Pankaj Ag…; Shashwat Srivastav…; +3 more

## Timeline

- **2024-07-09 — CIRP Initiation & IRP…**: Corporate Insolvency Resolution Process (CIRP) initiated against M/s ECA Engineering…
- **2024-07-11 — Public Annou…**: Public Announcement made in Form-A…

## 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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