This is an appeal against an order dated 2022-06-03 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench. The appellant, a financial creditor and homebuyer, filed I.A No. 3375 of 2021 seeking directions for the Resolution Professional to put forth the agenda for removal of RP before the CoC and appointment of Mr. Nilesh Sharma as Resolution Professional. The Resolution Professional in the CIRP has resigned on 2022-07-02. The Adjudicating Authority vide earlier order dated 2021-12-14 has requested the Hon'ble Justice (Retd.) Rajiv Sahai Endlaw to take up the assignment as a Commissioner in holding the meeting of the Homebuyers and to elect the Authorized Representative.
Rajiv Shrivastava filed an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi. The appellant, a financial creditor and homebuyer, sought directions for the Resolution Professional (RP) to include the agenda for the removal of the existing RP and the appointment of Mr. Nilesh Sharma as the new RP before the Committee of Creditors (CoC). The Resolution Professional in the Corporate Insolvency Resolution Process (CIRP) had resigned on 2022-07-02. The Adjudicating Authority had previously requested Justice (Retd.) Rajiv Sahai Endlaw to act as a Commissioner to hold a meeting of homebuyers and elect an Authorized Representative. The RP had resigned but offered to continue as an ad-hoc RP until a new arrangement was made.
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This is an appeal against an order dated 2022-06-03 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench. The appellant, a financial creditor and homebuyer, filed I.A No. 3375 of 2021 seeking directions for the Resolution Professional to put forth the agenda for removal of RP before the CoC and appointment of Mr. Nilesh Sharma as Resolution Professional. The Resolution Professional in the CIRP has resigned on 2022-07-02. The Adjudicating Authority vide earlier order dated 2021-12-14 has requested the Hon'ble Justice (Retd.) Rajiv Sahai Endlaw to take up the assignment as a Commissioner in holding the meeting of the Homebuyers and to elect the Authorized Representative.
Rajiv Shrivastava filed an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi. The appellant, a financial creditor and homebuyer, sought directions for the Resolution Professional (RP) to include the agenda for the removal of the existing RP and the appointment of Mr. Nilesh Sharma as the new RP before the Committee of Creditors (CoC). The Resolution Professional in the Corporate Insolvency Resolution Process (CIRP) had resigned on 2022-07-02. The Adjudicating Authority had previously requested Justice (Retd.) Rajiv Sahai Endlaw to act as a Commissioner to hold a meeting of homebuyers and elect an Authorized Representative. The RP had resigned but offered to continue as an ad-hoc RP until a new arrangement was made.
…Heard Learned Counsel…
Order passed by the Adjudicating Authority…
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