Dr. Mamta Binani vs Union Bank of India - 2025 Supreme(Online)(NCLT) 8025

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2025 Supreme(Online)(NCLT) 8025

NATIONAL COMPANY LAW TRIBUNAL
Sh. Prabhat Kumar, Member (Technical), Sh. Sushil Mahadeorao Kochey, Member (Judicial)
Dr. Mamta Binani – Appellant
Versus
Union Bank of India – Respondent

Advocates:
For the Appellants/Petitioners: Adv. Sandeep Bajaj, Adv. Aakanksha Nehra, Adv. Gunjan Nayyar, Adv. Shubham Jaiswal, Adv. Vishal Nagpal, Adv. Muskan Sengar
For the Respondents: Adv. Laveena Tejwani, Adv. Abdul Basit Kudalkar, Adv. Manoj Laxman Shirsat, Adv. Sameer Pandit, Adv. Chandni Turakmiya

ORDER

Brief Background

1. The present Application is filed by Dr. Mamta Binani, Resolution Professional (“Applicant/Resolution Professional”) of Rolta India Limited (“Corporate Debtor”) under Section 30 (6) read with Section 31 (1) of the Insolvency and Bankruptcy Code, 2016 (“Code”) read with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“ CIRP Regulations ”) read with Rule 11 of the National Company Law Tribunal Rules, 2016 for seeking approval of the Resolution Plan dated 22.04.2024 read with Financial Proposal dated 22.04.2024 and Clarificatory Addendum dated 17.05.2024, submitted by Ashdan Properties Private Limited (“Successful Resolution Applicant/SRA”) and for passing order/appropriate direction that this Tribunal may deem fit in the present matter. The Resolution Plan has been approved by 100%, the voting of which got concluded on 02.08.2024.

2. The CIRP of the Corporate Debtor was initiated vide this Tribunal’s order dated 19.01.2023 in Company Petition No. 530 of 2020, and Dr. Mamta Binani was appointed as the Interim Resolution Professional (“IRP”), who was later confirmed as Resolu