Constitution of Monitoring Committee as per the terms of approved resolution plan submitted by Mr. Jatinbhai Ramanbhai Patel
Awaiting price reaction for this filing.
The NCLT Ahmedabad Bench has approved the resolution plan submitted by Mr. Jatinbhai Ramanbhai Patel for Dharti Proteins Ltd on November 18, 2025, bringing the company's Corporate Insolvency Resolution Process (CIRP) to a close. Mr. Amrish Gandhi has ceased to act as the Resolution Professional from the same date. A three-member Monitoring Committee has now been constituted — comprising Mr. Jatinbhai Ramanbhai Patel (the successful resolution applicant), Mr. Dharmik Solanki (representing the financial creditor), and Mr. Amrish Gandhi (as Chairman) — to supervise implementation of the plan and manage day-to-day operations of the company until the plan's closing date. The first meeting of this committee is scheduled for December 3, 2025.
The company has officially exited insolvency, which removes the immediate threat of liquidation and signals a fresh start under the new resolution applicant. For existing shareholders, this typically means significant dilution or possible extinguishment of their holdings, as resolution plans usually restructure equity in favour of creditors and the new promoter. The stock may see some relief from insolvency-related overhang, but the long-term direction will depend on how effectively the new management executes the revival plan.