The case involves MA 1490/2019 filed in CP(IB)-66(MB)/2018 before the Mumbai Bench of the National Company Law Tribunal (NCLT). The application was filed on 09.04.2019 by the Resolution Professional (RP) under Section 22(3)(b) of the Insolvency and Bankruptcy Code (IBC) for a change of Interim Resolution Professional (IRP). An earlier order was passed on 25.02.2019 under Section 7 of IBC in respect of the Corporate Debtor, Euro Ceramics Ltd., appointing Mr. Arun Kapoor as IRP. During a meeting on 27.03.2019, it was resolved to substitute the IRP, leading to the application for substitution.
Anchor Leasing Pvt. Ltd. initiated insolvency proceedings against Euro Ceramic Ltd. An application, MA 1490/2019, was filed on 09.04.2019 by the RP under Section 22(3)(b) of the IBC for a change of IRP. Previously, on 25.02.2019, an order was passed under Section 7 of the IBC, designating Euro Ceramics Ltd. as the Corporate Debtor and appointing Mr. Arun Kapoor as the IRP. A meeting of the CoC held on 27.03.2019 resulted in a resolution to substitute the IRP. Consequently, Mr. CA Nirav Anupam Tarkas was appointed as the Resolution Professional. The newly appointed Resolution Professional consented to work. The outgoing IRP is required to handover all documents and information to the substituted Resolution Professional, and the CoC must reimburse the outgoing IRP's
…Sign in to view the parties.
An order was passed under Section 7 of the…
In the meeting of CoC…
The case involves MA 1490/2019 filed in CP(IB)-66(MB)/2018 before the Mumbai Bench of the National Company Law Tribunal (NCLT). The application was filed on 09.04.2019 by the Resolution Professional (RP) under Section 22(3)(b) of the Insolvency and Bankruptcy Code (IBC) for a change of Interim Resolution Professional (IRP). An earlier order was passed on 25.02.2019 under Section 7 of IBC in respect of the Corporate Debtor, Euro Ceramics Ltd., appointing Mr. Arun Kapoor as IRP. During a meeting on 27.03.2019, it was resolved to substitute the IRP, leading to the application for substitution.
Anchor Leasing Pvt. Ltd. initiated insolvency proceedings against Euro Ceramic Ltd. An application, MA 1490/2019, was filed on 09.04.2019 by the RP under Section 22(3)(b) of the IBC for a change of IRP. Previously, on 25.02.2019, an order was passed under Section 7 of the IBC, designating Euro Ceramics Ltd. as the Corporate Debtor and appointing Mr. Arun Kapoor as the IRP. A meeting of the CoC held on 27.03.2019 resulted in a resolution to substitute the IRP. Consequently, Mr. CA Nirav Anupam Tarkas was appointed as the Resolution Professional. The newly appointed Resolution Professional consented to work. The outgoing IRP is required to handover all documents and information to the substituted Resolution Professional, and the CoC must reimburse the outgoing IRP's
…An order was passed under Section 7 of the…
In the meeting of CoC…