NCLT Approves Resolution Plan for C and M Farming Limited

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.