The National Company Law Tribunal (NCLT), Court-V, New Delhi, has dismissed two applications (IA 1072/ND/2025 and IA 1052/ND/2025) filed by Sanjay Gupta, a shareholder and member of the suspended board of Sanco Industries Limited. These applications objected to an addendum dated December 12, 2024, to the resolution plan submitted by Mrs. Priti Jain (the Successful Resolution Applicant - SRA) for the corporate debtor, Sanco Industries Limited. The applicant contended that the addendum modified the original resolution plan approved by the Committee of Creditors (CoC) on April 28, 2023, by changing the identity of the Resolution Applicant from Mrs. Priti Jain to Carewell Exim Pvt. Ltd., and introducing a reverse merger and automatic increase in share capital. The NCLT, in its order delivered on December 18, 2025, found that the addendum dated December 12, 2024, served to clarify ambiguities in the original resolution plan concerning statutory and regulatory compliances for the proposed merger with the transferee company, Carewell Exim Pvt. Ltd. The Tribunal noted that the addendum was filed in compliance with the NCLT's specific directions from December 5, 2024, and was subsequently approved by the CoC on December 13, 2024, with 100% votes. The Tribunal concluded that the addendum did not introduce substantial changes to the resolution plan but merely reiterated the SRA's intent to comply with all legal provisions for the merger and transfer of listing status. The NCLT referenced previous judgments, including Ebix Singapore Private Limited vs. Educomp Solutions Ltd., to emphasize that a resolution plan, once approved by the CoC, cannot be unilaterally modified. However, it distinguished the present case, stating the addendum was clarificatory and directed by the Tribunal. The Tribunal also dismissed objections regarding the merger itself, citing a similar case approved by a Coordinate Bench.