The case involves an application filed by the Financial Creditor, Macro Leafin Private Limited, seeking a change of the Interim Resolution Professional (IRP) for the Corporate Debtor, Arrow Resources Limited. The Financial Creditor had initially filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating the Insolvency Resolution Process against Arrow Resources Ltd. The petition was admitted, and Mr. Ambarish Chatterjee was appointed as the IRP. However, the Financial Creditor later stated that Mr. Chatterjee's certificate of practice as an Insolvency Professional had expired during the pendency of the petition.
Macro Leafin Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Arrow Resources Limited, the Corporate Debtor. The application was admitted on 07.08.2017, and Mr. Ambarish Chatterjee was appointed as the Interim Resolution Professional (IRP). Subsequently, it was discovered that Mr. Chatterjee's certificate of practice as an Insolvency Professional had expired on 16.06.2017, during the pendency of the petition. The Financial Creditor then filed an application seeking a change of IRP, proposing Mr. Neeraj Preet Singh Chawla as the new IRP. Mr. Chawla also submitted a written communication and an affidavit disclosing any potential conflicts of
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Financial Creditor…
The petition filed by…
The case involves an application filed by the Financial Creditor, Macro Leafin Private Limited, seeking a change of the Interim Resolution Professional (IRP) for the Corporate Debtor, Arrow Resources Limited. The Financial Creditor had initially filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating the Insolvency Resolution Process against Arrow Resources Ltd. The petition was admitted, and Mr. Ambarish Chatterjee was appointed as the IRP. However, the Financial Creditor later stated that Mr. Chatterjee's certificate of practice as an Insolvency Professional had expired during the pendency of the petition.
Macro Leafin Private Limited, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Arrow Resources Limited, the Corporate Debtor. The application was admitted on 07.08.2017, and Mr. Ambarish Chatterjee was appointed as the Interim Resolution Professional (IRP). Subsequently, it was discovered that Mr. Chatterjee's certificate of practice as an Insolvency Professional had expired on 16.06.2017, during the pendency of the petition. The Financial Creditor then filed an application seeking a change of IRP, proposing Mr. Neeraj Preet Singh Chawla as the new IRP. Mr. Chawla also submitted a written communication and an affidavit disclosing any potential conflicts of
…Financial Creditor…
The petition filed by…