# In the matter of Avasarala Venkateshwara Rao vide CP(IB) No. 51/94/HDB/2021

> Read the full IBC case summary for In the matter of Avasarala Venkateshwara Rao vide CP(IB) No. 51/94/HDB/2021. NCLT judgment dated 2022-07-14. Citation:…

- **Court:** NCLT
- **Order date:** 14 Jul 2022
- **Citation:** TCN-2022-NCLT-04590
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/avasarala-venkateshwara-rao-vide-cpib-no-5194hdb2021-32831bff

## Summary

### Background

The application was filed by the existing Resolution Professional (RP) seeking replacement due to health reasons.

## Facts

The present application, IA(IBC) 667/2022, was filed by the Resolution Professional (RP) in the ongoing Company Petition(IB) 51/94/2021. The RP sought his replacement from the role, citing health reasons as the primary justification for this request. This application was heard by the National Company Law Tribunal, Hyderabad Bench – 1, Special Bench, on July 14, 2022, through video conference.

## Issues and analysis

### Issue 1: Whether the Resolution Professional's request for replacement due to health reasons should be…

**Ratio:** An application for replacement of a Resolution Professional can be allowed if valid…

**Reasoning:** The Tribunal considered the health reasons cited by the existing RP and found them to be…

**Interpretation:** The Tribunal interpreted the request for replacement based on health grounds as…

**Application:** Given the stated health reasons, the Tribunal allowed the application and…

## Parties

- **Judges:** DR.VENKATA…; BINOD KUMAR…

## Timeline

- **July 14, 2022 — Hearing and…**: The National Company Law Tribunal, Hyderabad Bench – 1, Special Bench, held a hearing via…

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