Authority: National Company Law Tribunal, New Delhi Court - IV (Special Bench)
Order Date: 15 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard an application filed by the Resolution Professional under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 seeking approval of the resolution plan for Goodluck Carbon Private Limited. The matter arises from insolvency proceedings initiated by Canara Bank against Goodluck Carbon Private Limited under Section 7 of the IBC 2016 (Case IB/595/ND/2023). The bench comprised Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Yogendra Kumar Singh through hybrid hearing (physical and video conference).
Final Outcome
The Tribunal deferred the approval of the resolution plan, noting that certain applications regarding the constitution of the Committee of Creditors (CoC) and an extension application for the Corporate Insolvency Resolution Process (CIRP) are pending and listed for hearing on 29 July 2026. Accordingly, the current application for plan approval was also adjourned to the same date, 29 July 2026, to be heard alongside the pending applications.
Topics: Insolvency Proceedings, Resolution Plan, NCLT Order