NCLT Approves Resolution Plan for C and M Farming Limited
Court / Authority
NCLT & NCLAT
Update / Judgement Date
23 Jul 2026
Source
WCP News Bulletin
Author
Manas Yadav — WCP Legal Desk
Reading Time
2 min read
View Count
2
The Mumbai Bench, Court V of the National Company Law Tribunal approved the resolution plan for C and M Farming Limited on 9 January 2026 under the Insolvency and Bankruptcy Code, 2016. The application was fi led by the Resolution Professional seeking approval of the plan submitted by Supreme Capinfra Private Limited.
Background of the Insolvency Process
The corporate insolvency resolution process began in March 2024 following admission of the petition and appointment of the Interim Resolution Professional. Claims were invited from various categories of creditors and verified, after which the Committee of Creditors was constituted with Omkara Assets Reconstruction Private Limited as the sole financial creditor holding 100 percent voting share.
Asset valuation was carried out through registered valuers to determine fair and liquidation values. Expressions of Interest were invited twice to ensure broader participation and value maximisation. Ultimately, four prospective resolution applicants submitted resolution plans, which were examined for legal compliance and commercial feasibility.
Approval of the Resolution Plan and Key Directions
After evaluation and a challenge mechanism, the Committee of Creditors unanimously approved the resolution plan of Supreme Capinfra Private Limited with full voting support. The plan provides for infusion of ₹96.81 crore in three tranches, priority payment of CIRP costs, and structured distributions to financial creditors, employees, government authorities, and other stakeholders.
The Tribunal found the plan compliant with statutory requirements and emphasised the primacy of the commercial wisdom of the Committee of Creditors. The resolution plan was approved as binding on all stakeholders, the moratorium was lifted, a monitoring committee was constituted for supervision, and the corporate debtor’s management and shareholding structure were reorganised to enable effective implementation.
Full Judgement / Attachment
Full Judgement
Frequently asked questions about NCLT & NCLAT
- What are the NCLT and NCLAT?
- The National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) were constituted on 1 June 2016 under the Companies Act, 2013. The NCLT sits in benches across India, and the NCLAT hears appeals from it, with its principal bench in New Delhi and a bench in Chennai.
- What cases does the NCLT hear?
- The NCLT is the Adjudicating Authority for corporate insolvency under the IBC. It also hears company law matters, including oppression and mismanagement petitions, schemes of merger and demerger, reduction of capital, and class action suits.
- What is the time limit to appeal an NCLT order to the NCLAT?
- Under the Companies Act, the appeal is due within 45 days, extendable by up to 45 days. Under the IBC, it is due within 30 days, extendable by up to 15 days. These outer limits are strictly applied.
- How can I check NCLT case status or orders?
- Case status, cause lists and orders are available on the NCLT website (nclt.gov.in) and the NCLAT website (nclat.nic.in), searchable by case number, party name or bench.
- How can White Collar Professional help with a NCLT or NCLAT matter?
- Post your requirement on White Collar Professional to receive proposals from verified Company Secretaries, Insolvency Professionals and Advocates, compare them, and pay securely through the platform. This page also tracks the latest NCLT or NCLAT NCLT and NCLAT judgements as they are reported.
