NATIONAL COMPANY LAW TRIBUNAL BENCH AT INDORE ITEM No.205 IA(Plan)/2(MP)2025 in CP(IB)/81(MP)2022 Order under Section 30(6)

IN THE MATTER OF:

Ashok Kumar Gulla Resolution Professional Carnival Films Pvt Ltd …….Applicant Coram:

Brajendra Mani Tripathi, Hon’ble Member(J)

Man Mohan Gupta, Hon’ble Member(T)

ORDER

Delivered on 09/03/2026 The case is fixed for pronouncement of the order.

The order is pronounced in open Court vide separate sheet.

Sd/- Sd/-

MAN MOHAN GUPTA BRAJENDRA MANI TRIPATHI MEMBER (TECHNICAL) MEMBER (JUDICIAL)

Tomar BEFORE THE ADJUDICATING AUTHORITY NATIONAL COMPANY LAW TRIBUNAL INDORE IA/2 (Plan) (MP)2025 in CP(IB)/81(MP)2022 [An application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 39 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Debtor) Regulations, 2016 seeking approval of Resolution Plan.]

In the matter of : M/s Carnival Films Private Limited Mr. Ashok Kumar Gulla Resolution Professional of M/s. Carnival Films Private Limited Having Address at :

RBSA Restructing Advisors LLP, 4th Floor, Tower -4B, DLF Corporate Park, Gurgaon -122001 ....Applicant/Resolution Professional Order pronounced on : 09.03.2026 CORAM:

Brajendra Mani Tripathi, Hon’ble Member(J)

Man Mohan Gupta, Hon’ble Member(T)

APPEARANCE For the Applicant : Mr. Nakul Sachdeva, Adv. a.w.

: Mr. Sagar Arora, Adv &

: Mr. Abhinandan Sharma, Adv : Mr. Ashok Kumar Gulla (Resolution Professional in Person)

J U D G M E N T

1. This is an application filed on 16.04.2025 by the Applicant/

- M/s.

CRaersnoilvuatilo Fni lPmrso fPersisviaotnea lL i(m“RitPe”d) uonf dthere SCeocrtpioonra 3te0 (D6e) brteoard with Section 31 of the Insolvency and Bankruptcy Code, 2016 (B“aCnokdreu”p) tcrye aBdo awrdit ho fR eIngduilaa ti(oInn so3l9v enocf y thRee soInlusotilovne nPcyro caensds For Corporate Debtor) Regulations, 2016 seeking the following prayers:-

A) Allow the present Application;

B) Approve and accept the Resolution Plan of M/s Cine Corp Filmdom Private Limited dated 10th April, 2025 as approved by the Committee of Creditors by 93.3% as submitted in respect of the Corporate Debtor i.e., M/s. Carnival Films Private Limited;

C) Declare that on approval of the Resolution Plan by this Hon'ble tribunal, the provisions of the Resolution Plan shall be binding upon the Company, its creditors including the Central Government, any State Government or any Local Authority to whom the debt is respect of payment of the dues arising under any law for time being enforced, such as authorities to whom statutory dues are owed, guarantors, members, employees and other stake holders in accordance with Section 3l of the Code, and shall be given effect to and implemented pursuant to the order of this Hon'ble Tribunal;

D) Approve and grant reliefs and directions sought under the Resolution Plan by the Resolution Applicant; and E) Pass such other or further order/ order(s) as may be deemed fit and proper in facts and circumstances of the instant case

2. In support of the application, it is stated that:-

I. A Company Petition bearing CP(IB) No. 81 of 2022 was filed by the Operational Creditor - M/s Amar Construction against the Corporate Debtor - M/s. Carnival Films Private Limited under Section 9 of the Code seeking initiation of the Corporate IDnesbotlovre.n cTyh Rise sAoldujtuidoinc aPtirnogc esAsu (th“CoIrRitPy” ) vaigdaei nistts thoer dCeorr pdoartaetde 22.03.2024 admitted the Corporate Debtor in CIRP and appointed Mr. Satyendra Sharma as Interim Resolution II. TPrhoefreesasfitoenra, l t(h“eIR PIR”)P. made public announcement in Form-A, collated the claims from the creditors and constituted the Ccoommpmriitstieneg ooff foClrloewdiitnogr sF in(“aCnocCia”l) .C rTehdeit ourpsd:-a ted list of CoC is III. In the 2nd meeting of CoC was held on 2nd May 2024, wherein the CoC, inter alia, decided to replace the IRP with the Applicant herein as the Resolution Professional of the Corporate Debtor. In furtherance t