In re Fact-RCF Building Products Limited (NCLT Kochi)
NCLT Kochi approved the resolution plan submitted by M/s. Shubhlaxmi Investment Advisory Pvt. Ltd. for RCF Building Products Limited since the same is in accordance with section 30 and 31 of the Insolvency and Bankruptcy Code.
Facts- The present application has been filed on 02.06.2025 by Mr. Rajat Mukherjee, Resolution Professional of FACT-RCF Building Products Limited u/s. 30(6) & 31 of IBC, 2016, & Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, read with Rule 11 of NCLT Rules, 2016 for approval of the Resolution Plan submitted by, M/s. Subhlaxmi Investment Advisory Pvt. Ltd., Successful Resolution Applicant (“SRA”).
Conclusion- Held that on going through the Resolution Plan, we are satisfied and note that the Resolution Plan submitted by M/s. Shubhlaxmi Investment Advisory Pvt. Ltd., is in accordance with Sections 30 and 31 of the Code and also complies with Regulations 38 and 39 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
This Tribunal is satisfied with the affidavit filed by the SRA through the Resolution Professional and placed on record. This Affidavit will be a part and parcel of the approved Resolution Plan. Therefore, subject to the observations made in this order, the Resolution Plan of Rs. 9,07,00,000/- (Rupees Nine crore seven lakh Rupees ad zero paisa only) covering CIRP cost on actuals, is hereby approved by this Bench. The Resolution Plan shall form part of this order.
