The case involves an application (IA No. 192/JPR/2020) filed by Punjab National Bank, the sole member of the Committee of Creditors (CoC) of the Corporate Debtor, Aesthetic Stone Arts India Private Limited. The application was filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 11 of the National Company Law Tribunal Rules, 2016. The purpose of the application was to replace the Interim Resolution Professional (IRP) Ms. Anuradha Gupta with Mr. Vijendra Bangar as the Resolution Professional (RP) of the Corporate Debtor. The insolvency petition was initially filed by Mr. Sanwar Mal Tiwari under Section 9 of the IBC, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
…Punjab National Bank, as the sole member of the Committee of Creditors (CoC) for Aesthetic Stone Arts India Private Limited, filed an application to replace the Interim Resolution Professional (IRP), Ms. Anuradha Gupta, with Mr. Vijendra Bangar as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against Aesthetic Stone Arts India Private Limited following a petition filed by Mr. Sanwar Mal Tiwari under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 04.03.2020, and Ms. Anuradha Gupta was appointed as the IRP. The first meeting of the CoC took place on 15.07.2020, where the CoC resolved to replace the IRP with Mr. Vijendra Bangar. The Applicant stated that it is the sole
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The Adjudicating Authority admitted the…
The IRP conducted the first meeting of the CoC,…
The case involves an application (IA No. 192/JPR/2020) filed by Punjab National Bank, the sole member of the Committee of Creditors (CoC) of the Corporate Debtor, Aesthetic Stone Arts India Private Limited. The application was filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 11 of the National Company Law Tribunal Rules, 2016. The purpose of the application was to replace the Interim Resolution Professional (IRP) Ms. Anuradha Gupta with Mr. Vijendra Bangar as the Resolution Professional (RP) of the Corporate Debtor. The insolvency petition was initially filed by Mr. Sanwar Mal Tiwari under Section 9 of the IBC, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
…Punjab National Bank, as the sole member of the Committee of Creditors (CoC) for Aesthetic Stone Arts India Private Limited, filed an application to replace the Interim Resolution Professional (IRP), Ms. Anuradha Gupta, with Mr. Vijendra Bangar as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against Aesthetic Stone Arts India Private Limited following a petition filed by Mr. Sanwar Mal Tiwari under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 04.03.2020, and Ms. Anuradha Gupta was appointed as the IRP. The first meeting of the CoC took place on 15.07.2020, where the CoC resolved to replace the IRP with Mr. Vijendra Bangar. The Applicant stated that it is the sole
…The Adjudicating Authority admitted the…
The IRP conducted the first meeting of the CoC,…