The appeal challenges the Adjudicating Authority's order dated 01.08.2025, which allowed the liquidation application but appointed Ms. Smita Gupta as the liquidator instead of the appellant, the erstwhile Resolution Professional (RP). The Adjudicating Authority relied on an IBBI circular dated 18.07.2023.
The CIRP against Rajesh Landmarks Project Private Limited was initiated on 10.10.2022, and the appellant was appointed as RP.
The CoC resolved on 10.12.2024 not to approve the resolution plan and decided to liquidate the corporate debtor with 83.93% voting share.
The appellant filed IA Liquidation 14/2025, and the CoC resolved to appoint the appellant as liquidator.
The Adjudicating Authority allowed the liquidation application but appointed Ms. Smita Gupta as liquidator, relying on an IBBI circular dated 18.07.2023.
The appellant filed an appeal limited to the extent of the appointment of Ms. Smita Gupta as liquidator.
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CIRP against Rajesh…
CoC resolved not to approve the resolution…
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The appeal challenges the Adjudicating Authority's order dated 01.08.2025, which allowed the liquidation application but appointed Ms. Smita Gupta as the liquidator instead of the appellant, the erstwhile Resolution Professional (RP). The Adjudicating Authority relied on an IBBI circular dated 18.07.2023.
The CIRP against Rajesh Landmarks Project Private Limited was initiated on 10.10.2022, and the appellant was appointed as RP.
The CoC resolved on 10.12.2024 not to approve the resolution plan and decided to liquidate the corporate debtor with 83.93% voting share.
The appellant filed IA Liquidation 14/2025, and the CoC resolved to appoint the appellant as liquidator.
The Adjudicating Authority allowed the liquidation application but appointed Ms. Smita Gupta as liquidator, relying on an IBBI circular dated 18.07.2023.
The appellant filed an appeal limited to the extent of the appointment of Ms. Smita Gupta as liquidator.
CIRP against Rajesh…
CoC resolved not to approve the resolution…
Sign in to view related legal provisions.