NCLT Approves Resolution Plan Mountview Consultancy Rs 1.20 Crore

Application under section 30(6) and section 31 of the Insolvency & Bankruptcy Code, 2016 read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 for approval of Resolution Plan

In the Matter of: Suman Healthcare Private Limited

…Financial Creditor

And M/s Mountview Consultancy Private Limited

….Corporate Debtor

And In the matter of: Mr. Neeraj Kejriwal, Resolution Professional of M/s Mountview Consultancy Private Limited. ….Applicant / RP Pronouncement of order dated: 10.04.2026 Coram: Smt. Bidisha Banerjee : Member (Judicial) Cmde. Siddharth Mishra : Member (Technical) Counsel appeared physically / through video Conferencing Mr. A.K. Srivastava, Adv. ] For the Applicant Mr. Akash Sharma, Adv. ] Mr. Ratnanko Banerji, Sr. Adv. ] For the Resolution Professional Mr. Ratul Das, Adv. ] Mr. Rachita Arora, Adv. ] Mr. Neeraj Kejriwaal, RP ]

ORDER Per Bidisha Banerjee, Member (Judicial):

1. The Court convened through hybrid mode.
2. Ld. Counsel for the parties were heard at length.

3. This application has been preferred by the Resolution Professional of
   M/s Mountview Consultancy Private Limited (CD) to seek approval of Resolution Plan in its entirety along with all annexures, Schedule, Appendixes including the claims contained therein as submitted by Soneko Marketing Private Limited, the Successful Resolution Applicant (SRA in short) along with reliefs and concessions sought for under the Plan.

4. The Resolution Plan of Kejriwal Castings Limited has been approved
   by CoC by 100% vote on and Soneko Marketing Private Limited was declared as Successful Resolution Applicant (SRA) in respect of the Corporate Debtor.

5. Submissions of the Applicant / Resolution Professional

6. The CIRP of Corporate Debtor commenced on 13.08.2024. In the
   said order, Mr. Neeraj Kejriwal having IBBI No. IBBI/IPA-001/IP- P00392/2017-18/10710 was appointed as the Interim Resolution Professional.

7. The IRP has made Public Announcement on 15.08.2024 in
   Financial Express (English), Ekdin (Bengali) to invite claims from various creditors of the Corporate Debtor to the IRP.

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1. The RP has submitted a report certifying Constitution of CoC with
   this Tribunal on 11.09.2024 and thereafter re-constituted on 17.09.2024.

2. The Petitioner / Applicant applied for extension of time for a
   period of 90 days vide IA (IBC)No. 204(KB)2025 and the same was granted by this Tribunal vide order dated 11.02.2025.

3. Thereafter, the Applicant / RP has published form G for invitation
   for Expression of Interest (EoI) on two occasions i.e. on 15.10.2024 and thereafter on 11.11.2024.

4. As a result four EoIs were received as under:

5. Sonal Sumit Mehta and Real Value Infotech Projects
   Private Limited (1 Form G) st

6. Flex Trade Private Limited and Soneko Marketing Private
   Limited (2 Form G) nd

7. Subsequently, the applicant forwarded email to all four PRAs
   seeking submission of pending documents and rectifications in their Form G submission. Thereafter, as per comprehensive review of the EoIs, two Prospective Resolution Applicant (PRAs) were found eligible to participate in the Insolvency Resolution Process namely Soneko Marketing Private Limited and Sonal Sumit Mehta.

8. Thereafter, the Applicant / RP had appointed Transaction Auditor
   to form an opinion that fraudulent and / or preferential transactions had been entered by erstwhile management of the

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Corporate Debtor. The Transaction Auditor had filed its report on 16.10.2025 before the RP and the RP had filed an application under Section 66 of the IBC before this Tribunal ON 31.10.2025.

1. Further, the Applicant submits that he had issued EoI in form - 'G' published on 28.07.2025 in Aajkaal (Bengali Daily) and

Financial Express (English Daily). In view of such, 7 EoIs were received by the Applicant from the Prospective Resolution Applicant (PRAs). Subsequently, the Applicant had shared the Request for Resolution Plan (RFRP), Information Memorandum along with Evaluation Matrix to the PRAs.

1. In view of such, the Applicant had received four (4) Resolution
   Plans from the four PRAs and the same were opened before the Members of CoC at the 5 Meeting held on 03.10.2025. th

2. The applicant further submits that after negotiations between the
   PRAs and CoC, Sonal Mehta one of the PRA sent an email on 11.03.2025 stating that her earlier offer is final and she have no wish to negotiate any further. Although, the second PRA namely M/s Soneko Marketing Private Limited confirmed an increase in the Resolution Plan outlay from Rs. 55 Lacs excluding CIRP cost to Rs. 100 Lacs. CIRP cost which is proposed to be as per actuals.

3. The applicant / RP further submits that in the 10 CoC Meeting th
   held on 12.03.2025, the CoC had approved the Resolution Plan of Soneko Marketing Private Limited by a vote share of 100%.

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1. This Plan application has noted a list of dates of CIRP in detail as follows:

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1. Given the Fair value and Liquidation value noted above, the Successful
   Resolution Applicant (SRA) namely Soneko Marketing Private Limited under the Resolution Plan has provided overview of the of the Financial summary of the Resolution Plan of the Corporate Debtor for Rs.1,20,00,000/- (Rupees One Crore and Twenty Lakhs only). The amounts claimed, amount admitted and the amount provided under the Resolution Plan are as under: Plan Pay Out: (Amount in Lakhs)

2. Secured Financial 3. Unsecured 0.00 0.00 0.00
   Creditor Financial Creditor -Creditors not having a right to vote under sub-Creditors not having a Page 6 of 22 1. CIRP Costs - - 20.00 Amount section (2) of section 21 Amount of right to vote under sub-Sl. (NIL) Claim No. Creditor Plan - Dissenting (NIL) section (2) of section 21 - Assenting

(b ) Other than (a) above a. Related party of the Corporate Debtor (I ) Who did not vote in ( b) Other than (a) above favour of the Resolution

1. Operational 724.23 724.23 5.00 ( I) Government Plan Creditors (Other than Page 7 of 22 Amount workmen & employees (ii) Who voted in favour of (ii) Workmen Amount of Sl. & Government Sub-Total Add Working Capital Total payment to Existing Financial & Operational 6. Nil Nil Nil Other Debts and dues Claim the Resolution Plan No. Creditor Plan /statutory dues) 215.62 215.62 95.00 (iii) Employees 939.85 939.85 120.00 120.00 200.00 Creditors & CIRP Cost

2. In the course of the hearing, the Learned Counsel for the Resolution
   Professional would submit that the Resolution Plan complies with all the provisions of the Insolvency and Bankruptcy Code, 2016, read with relevant Regulations of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and does not contravene any of the provisions of law for the time being in force. The Synopsis are as under:

Page 8 of 22 Amount Amount of Sl. Total (Rs. In Lakh) Claim No. Creditor Plan 320.00

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1. A bare perusal of the extracts / excerpts from the Plan establishes that

2. The Resolution Plan submitted by SRA has been approved
   with 100% vote by CoC.

3. As per the CoC, the plan meets the requirement of being viable
   and feasible for revival of the Corporate Debtor.

4. By and large, all the compliances have been done by the RP and
   the Resolution Applicant for making the plan effective after its approval. Findings

5. Accordingly, on perusal of the documents on record, supported
   by an affidavit of the Resolution Professional, we accord our satisfaction that the Resolution Plan as approved by the CoC, is in accordance with sections 30 and 31 of the IBC and also comply with regulations 38 and 39 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, as enumerated supra. Reliefs, Waivers and Concessions:

6. We have perused the reliefs, waivers and concessions as sought
   for in the application. It is evident that some of the reliefs, waivers and concessions sought by the Resolution Applicant come within the ambit of the I&B Code and the Companies Act 2013, while many others fall under the power and jurisdiction of different government authorities/departments. This Adjudicating Authority has the power to grant reliefs, waivers and concessions only concerning the reliefs, waivers and concessions that are directly with the I&B Code and the Companies Act (within the powers of the NCLT). The reliefs, waivers and concessions that pertain to other governmental authorities/departments may be dealt with by the respective competent authorities/forums/offices, Government or Semi-Government of the

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State or Central Government concerning the respective reliefs, waivers and concession, whenever sought for. The competent authorities including the Appellate authorities may consider granting such reliefs, waivers and concessions keeping in view the spirit of the I&B Code, 2016 and the Companies Act, 2013.

1. As far as the question of granting time to comply with the
   statutory obligations or seeking approvals from authorities is concerned, the Resolution Applicant is directed to do so within one year from the date of this order, as prescribed under section 31(4) of the I&B Code.

2. It is almost trite and fairly well settled that the Resolution Plan
   must be consistent with the extant law. The Resolution Applicant shall make necessary applications to the concerned regulatory or statutory authorities for renewal of business permits and supply of essential services, if required, and all necessary forms along with filing fees etc. and such authority shall also consider the same keeping in mind the objectives of the Code, which is essentially the resolving of the insolvency of the Corporate Debtor.

3. In this context, we would rely upon the judgment in Embassy
   Property Developments Pvt. Ltd. vs. State of Karnataka reported at MANU/SC/1661/2019: (2020) 13 SCC 308, wherein, the Hon'ble Apex Court has laid down that:

"39. If NCLT has been conferred with jurisdiction to decide

all types of claims to property, of the corporate debtor, Section 18(f)(vi) would not have made the task of the interim resolution professional in taking control and custody of an asset over which the corporate debtor has ownership rights, subject to the determination of

ownership by a court or other authority. In fact an asset owned by a third party, but which is in the possession of the corporate debtor under contractual arrangements, is specifically kept out of the definition of the term "assets" under the Explanation to Section 18. This assumes significance Page 11 of 22

in view of the language used in Sections 18 and 25 in contrast to the language employed in Section 20. Section 18 speaks about the duties of the interim resolution professional and Section 25 speaks about the duties of resolution professional. These two provisions use the word "assets", while Section 20(1) uses the word "property" together with the word "value". Sections 18 and 25 do not use the expression "property". Another important aspect is that Under Section 25(2)(b) of IBC, 2016, the resolution professional is obliged to represent and act on behalf of the corporate debtor with third parties and exercise rights for the benefit of the corporate debtor in judicial, quasi- judicial and arbitration proceedings. Section 25(1) and 25(2)(b) reads as follows:

1. Duties of resolution professional - (1) It shall be the duty of the resolution professional to preserve and protect the assets of the corporate debtor, including the continued business operations of the corporate debtor. (2) For the purposes of Sub-section (1), the resolution professional shall undertake the following actions:

(a).............

(b) represent and act on behalf of the corporate debtor with third parties, exercise rights for the benefit of the

corporate debtor in judicial, quasi judicial and arbitration proceedings. This shows that wherever the corporate debtor has to exercise rights in judicial, quasi-judicial proceedings, the resolution professional cannot short-circuit the same and bring a claim before NCLT taking advantage of Section 60(5).

1. Therefore in the light of the statutory scheme as culled out from various provisions of the IBC, 2016 it is clear that wherever the corporate debtor has to exercise a right that falls outside the purview of the IBC, 2016 especially in the realm of the public law, they cannot, through the resolution professional, take a bypass and go before NCLT for the enforcement of such a right."

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1. The reliefs sought for subsisting contracts/agreements can be granted,
   and no blanket orders can be granted in the absence of the parties to the contracts and agreements.

2. Concerning the waivers with regard to the extinguishment of claims
   which arose prior to the initiation of the CIR Process and which have not been claimed are granted in terms of the law laid down by the

Hon'ble Apex Court in Ghanashyam Mishra and Sons Private Limited

vs. Edelweiss Asset Reconstruction Company Limited reported in MANU/SC/0273/2021: (2021)9SCC657: [2021]13SCR737, wherein

the Hon'ble Apex Court has held that "once a resolution plan is duly approved by the Adjudicating

Authority under sub-section (1) of section 31, the claims as provided in the resolution plan shall stand frozen and will be binding on the Corporate Debtor and its employees, members, creditors, including the Central Govt., any State Govt. or any local authority, guarantors and other stakeholders."

1. Further, the relevant part of the Ghanshyam Mishra judgment (supra) in this regard is reproduced below:

"61. All these details are required to be contained in the

information memorandum so that the resolution applicant is aware, as to what are the liabilities, that he may have to face and provide for a plan, which apart from satisfying a part of such liabilities would also ensure, that the Corporate Debtor is revived and made a running establishment. The legislative intent of making the resolution plan binding on all the stake- holders after it gets the seal of approval from the Adjudicating Authority upon its satisfaction, that the resolution plan approved by CoC meets the requirement as referred to in Sub- section (2) of Section 30 is, that after the approval of the resolution plan, no surprise claims should be flung on the successful resolution applicant. The dominant purpose is, that he should start with fresh slate on the basis of the resolution

plan approved.'

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"62. This aspect has been aptly explained by this Court in the

case of Committee of Creditors of Essar Steel India Limited

through Authorised Signatory (supra).' "107. For the same reason, the impugned NCLAT judgment

[Standard Chartered Bank v. Satish Kumar Gupta] in holding that claims that may exist apart from those decided on merits by the resolution professional and by the Adjudicating Authority/Appellate Tribunal can now be decided by an appropriate forum in terms of Section 60(6) of the Code, also militates against the rationale of Section 31 of the Code. A successful resolution applicant cannot suddenly be faced with "undecided" claims after the resolution plan submitted by him has been accepted as this would amount to a hydra head popping up which would throw into uncertainty amounts payable by a prospective resolution applicant who would successfully take over the business of the corporate debtor. All claims must be submitted to and decided by the resolution professional so that a prospective resolution applicant knows exactly what has to be paid in order that it may then take over and run the business of the corporate debtor. This the successful resolution applicant does on a fresh slate, as has been pointed out by us hereinabove. For these reasons, NCLAT judgment must also be set aside on this count."

1. In this regard, we would also rely on the judgement of Hon'ble High
   Court of Rajasthan in the matter of EMC v. State of Rajasthan, Civil Writ Petition No. 6048/2020 with 6204/2020 reported in (2023) ibclaw.in 42 HC wherein it has been inter-alia held that "Law is well-settled that with the finalization of insolvency resolution plan and the approval thereof by the NCLT, all dues of creditors, Corporate, Statutory and others stand extinguished and no demand can be raised for the period prior to the specified date."

2. Thus on the date of approval of resolution plan by the Adjudicating
   Authority, all such claims, which are not a part of resolution plan, shall stand extinguished and no person will be entitled to initiate or continue any proceedings in respect to a claim, which is not part of the resolution

plan as per the law laid down by the Hon'ble Supreme Court in Page 14 of 22

Ghanashyam Mishra supra. The Hon'ble Supreme Court also held that all the dues including the statutory dues owed to the Central Govt, any State Govt or any local authority, if not part of the resolution plan, shall stand extinguished and no proceedings in respect of such dues for the period prior to the date on which the Adjudicating Authority grants its approval under section 31 could be continued.

1. With respect to the waivers sought in relation to guarantors, we seek to place reliance on the judgment of Lalit Kumar Jain v. Union of India reported in MANU/SC/0352/2021: (2021) 9 SCC 321: (2021) ibclaw.in 61 SC, wherein the Hon'ble Supreme Court held in para 133 that sanction of a resolution plan and finality imparted to it by section

31 does not per se operate as a discharge of the guarantor's liability

shall apply.

1. Further, we would rely upon the judgment rendered by the NCLAT in Roshan Lal Mittal v. Rishabh Jain reported in (2023) ibclaw.in 803 NCLAT that:

"The Resolution Plan does not absolve the personal guarantors from their guarantee. The law well settled by the Hon'ble Supreme Court in the matter of "Lalit Kumar Jain vs. Union of

India & Ors. - (2021) 9 SCC 321), that by approval of resolution plan the guarantees are not ipso facto discharged."

1. With respect to the reliefs and waivers sought for all inquiries,
   litigations, investigations and proceedings shall be granted strictly as per the section 32A of the Code and the provisions of the law as may be applicable.

2. In this context, we would note that upon the approval of the
   Resolution Plan, the Corporate Debtor avails the limbs of new management to revive its business. Thus, all the past liabilities of the Corporate Debtor including criminal liability prior to the initiation of

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the CIR Process shall stand effaced and the new management will step into the shoes of the company with a fresh or clean slate. Hence, the old management shall be liable to face all the offences committed prior to the commencement of the CIR Process. At this juncture, we would

rely upon the judgment rendered by the Hon'ble Apex Court in Ajay

Kumar Radheyshyam Goenka vs. Tourism Finance Corporation of India Ltd. reported in MANU/SC/0244/2023: (2023) 10 SCC 545 that:

"67. Thus, Section 32A broadly leads to:

1. Extinguishment of the criminal liability of the
   corporate debtor, if the control of the corporate debtor goes in the hands of the new management which is different from the original old management.

2. The prosecution in relation to "every person who was a
   "designated partner" as defined in Clause (j) of Section 2 of the Limited Liability Partnership Act 2008 (6 of 2009), or an "officer who is in default", as defined in Clause (60) of Section 2 of the Companies Act. 2013 (18 of 2013), or was in any manner in charge of, or responsible to the corporate debtor for the conduct of its business or associated with the corporate debtor in any manner and who was directly or indirectly involved in the commission of such offence" shall be proceeded and the law

will take it's own course. Only the corporate debtor (with new

management) as held in Para 42 of P. Mohanraj will be safeguarded.

1. If the old management takes over the corporate debtor (for
   MSME Section 29A does not apply (see 240A), hence for MSME old management can takeover) the corporate debtor itself is also not safeguarded from prosecution Under Section 138 or any other offences." (Emphasis added)

2. Further, would also rely on the judgment of Hon'ble High Court
   of Madras in the matter of Vasan Healthcare Pvt. Ltd. vs. The Deputy

Director of Income Tax (Investigation), Unit 3(2) reported in

MANU/TN/0243/2024: (2024) ibclaw.in 80 HC, wherein it was held that:

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"9. In the above judgement, the Apex Court after dealing

with the provision in detail, came to a categoric conclusion that insofar as the criminal prosecution is concerned, the criminal liability of the corporate debtor viz., company gets completely wiped off and the new management is allowed to take over the company on a clean slate. However, the Apex Court also made it clear that the persons who are involved in the day today affairs of the company and were incharge and responsible for running of the company, will be liable to face all the offence committed prior to the

commencement of the Corporate Insolvency Resolution Process. There is no escape for those persons from criminal liability even though the corporate debtor is given a clean slate and is handed over to the new Management.

1. Useful reference can also be made to the judgement of the Calcutta High Court in [Tantia Constructions Limited Vs. Krishna Hi-Tech Infrastructure P Ltd] in CRP No. 172 of 2022. The relevant portions in the order

are extracted hereunder :-

1. For the application of Section 32A of IBC, 2016 and
   in light of the present matter, it is pertinent to determine the following two issues, i.e.,

2. Whether the offence as complained in the impugned
   criminal proceedings has been alleged to be committed before the initiation of corporate insolvency resolution process or during such process?

3. Whether the resolution plan has resulted in change in
   the management or corporate debtor in consonance with the provisions of Section 32A(1) of IBC, 2016?

4. With respect to Issue No. 1, it is pertinent to note that the
   corporate insolvency resolution process as against the Petitioner/Corporate Debtor was initiated on 13.03.2019 when the application was accepted and the Order of Moratorium under Section 14 of the IBC, 2016 was imposed by NCLT, Kolkata in the aforementioned case. The complaint that commenced the impugned criminal proceedings was filed on 22.07.2019 before the concerned court by the opposite party. Whereby, said alleged offence so complained, took place before or during the corporate

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insolvency resolution process and is covered under the ambit of Section 32A of IBC, 2016.

1. With respect to Issue No. 2, it is observed that the petitioner has not made specific submission in this regard. However, it is the submission of the opposite party that the

impugned complaint case does not concern itself with the new directors that were appointed after takeover by the Resolution Applicant in line with the Resolution Plan so approved by NCLT dated 24.02.2022. It is their submission that they are primarily aggrieved by the actions of petitioner when it was in control of erstwhile Directors.

1. The above judgement clearly lays down the law on the subject. The moment the Corporate Insolvency Resolution Process is initiated against the corporate debtor and the application is accepted by the NCLT, the moratorium comes into operation. Once the resolution plan is accepted by

the NCLT and orders are passed and the Corporate debtor gets into hands of the new management, all the past liabilities including the criminal liability of the Corporate debtor gets wiped off and the new Management takes over the company with clean slate."

1. Very recently, the Hon'ble Madras High Court in M/s. Vasan Healthcare Pvt Ltd v. M/s. India Infoline Finance Ltd, Crl O.P. No. 1772 of 2024, reported in (2024) ibclaw.in 700 HC, (hereinafter

referred to as 'Vasan Healthcare Pvt. Ltd. II') has observed that: "13. As a result of the above discussion and the law laid in Ajay Kumar Radheshyam Goenka case, it is clear that the

corporate debtor cannot be prosecuted for the prior liability after the approval of the Resolution Plan. At the same time, it is to be bear in mind the protection under Section 32-A of

Insolvency & Bankruptcy Code, 2016 is restricted only to the Corporate debtor and not to its Directors who were in- charge of the affairs of the Company when the offence committed or the signatory of the cheque." Page 18 of 22

1. Further, the Hon'ble Apex Court in Jaypee Kensington

Boulevard Apartments Welfare Association and Ors. vs. NBCC (India) Ltd. and Ors. reported in (2022) 1 SCC 401:

MANU/SC/0206/2021 at Para 216, has laid down that:

"The Adjudicating Authority has limited jurisdiction in the matter of approval of a resolution plan, which is well-defined and circumscribed by Sections 30(2) and 31 of the Code. In the adjudicatory process concerning a

resolution plan under IBC, there is no scope for

interference with the commercial aspects of the decision of the CoC; and there is no scope for substituting any commercial term of the resolution plan approved by Committee of Creditors. … ."

1. Further, in Committee of Creditors of Essar Steel India

Limited vs. Satish Kumar Gupta reported at (2020) 8 SCC 531: MANU/SC/1577/2019, the Hon'ble Apex Court has propounded

that:

"38. This Regulation fleshes out Section 30(4) of the

Code, making it clear that ultimately it is the

commercial wisdom of the Committee of Creditors

which operates to approve what is deemed by a majority of such creditors to be the best resolution plan, which is finally accepted after negotiation of its terms by such Committee with prospective resolution applicants."

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1. Hence, we would infer that if there are any personal guarantors
   of the corporate debtor, the personal guarantees shall be invoked and an appropriate action against them, in accordance with law, be taken.

2. As far as the question of granting time to comply with the
   statutory obligations/seeking sanctions from governmental authorities is concerned, the Resolution Applicant is directed to do the same within one year as prescribed under section 31(4) of the Code.

3. In case of non-compliance of this order or withdrawal of
   Resolution Plan, the CoC shall have the right to forfeit the EMD amount already paid by the Resolution Applicant.

4. In the light of the enumerations and observations made in this
   Order supra, we hereby APPROVE the Resolution Plan submitted by Soneko Marketing Private limited (Successful Resolution Applicant) with a Plan value of Rs.1,20,00,000/- (Rupees One Crore Twenty Lakh only).

5. The Resolution Plan shall form part of this Order and shall be
   read along with this order for implementation. The Resolution Plan thus approved shall be binding on the Corporate Debtor and all other stakeholders involved in terms of Section 31 of the I&B Code, so that the revival of the Corporate Debtor Company shall come into force with immediate effect without any delay.

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1. The Resolution Plan is binding on the Corporate Debtor and other
   stakeholders involved so that revival of the Debtor Company shall come into force with immediate effect.

2. The Moratorium imposed under section 14 shall cease to have
   effect from the date of this order.

3. The Resolution Professional shall submit the records collected
   during the commencement of the proceedings to the Insolvency & Bankruptcy Board of India for their record and also return to the Resolution Applicant or New Promoters.

4. Certified copy of this Order be issued on demand to the concerned
   parties, upon due compliance.

5. Liberty is hereby granted for moving any Application if required
   in connection with implementation of this Resolution Plan.

6. A copy of this Order is to be submitted in the Office of the
   Registrar of Companies, West Bengal.

7. It is not on record that whether the Financial Creditors have
   invoked Personal Guarantees or not. It is essential for the purpose of maximization for wealth of the Corporate Debtor, personal guarantees need to be invoked. Therefore, we direct the Financial Creditors to invoke Personal Guarantees, if not already done.

8. The Resolution Professional may stand discharged from his
   duties with effect from the date of this Order, however, he is required to comply with our direction mentioned in Para 30 of the order subject to comply the direction, which the creditors should bear in mind.

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1. The Resolution Professional shall stand discharged from his
   duties with effect from the date of this Order.

2. The Resolution Professional is further directed to handover all
   records, premises/factories/documents to the Resolution Applicant to finalise the further line of action required for starting of the operation. The Resolution Applicant shall have access to all the records/premises/factories/documents through the Resolution Professional to finalise the further line of action required for starting of the operation.

3. The Registry is directed to send e-mail copies of the order
   forthwith to all the parties and their Ld. Counsel for information and for taking necessary steps.

4. The Interlocutory Application being IA (IB)/(PLAN)/13(KB)2025
   along with main Company Petition vide CP(IB) No. 15(KB) /2023 shall stand disposed of accordingly.

5. Certified copy of this order may be issued, if applied for, upon
   compliance of all requisite formalities.

Signed on this, the 10 day of April, 2026 th

1. Jana (P.S.)

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(Siddharth Mishra) (Bidisha Banerjee) Member (Technical) Member (Judicial)