This case involves an Interlocutory Application filed by Bank of India Limited, seeking permission from the NCLT Mumbai Bench for the appointment of Mr. Fanendra Harakchand Munot as the Resolution Professional (RP) to continue the Corporate Insolvency Resolution Process (CIRP) of Govindam Metals & Alloys Private Limited. The CIRP was initiated following an order dated 17.01.2020, based on a petition filed by Kamlesh Satish Agarwal Goyal (Proprietor of Meera Tradelinks) due to a default in loan payment by the Corporate Debtor. Initially, Mr. Arun Rajabhau Joshi was appointed as the Interim Resolution Professional (IRP).
On 17.01.2020, the NCLT admitted a petition filed by Kamlesh Satish Agarwal Goyal (Meera Tradelinks) under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating CIRP against Govindam Metal & Alloy Private Limited due to loan default. Mr. Arun Rajabhau Joshi was appointed as the Interim Resolution Professional (IRP). Bank of India, a member of the Committee of Creditors (CoC) with 94.12% voting share, filed a claim of Rs. 16,14,00,000, with the IRP admitting Rs. 9,83,98,000. The CoC held two meetings and unanimously (100% votes) resolved to appoint Mr. Fanendra Harakchand Munot as the Resolution Professional (RP), replacing the existing IRP. Bank of India then filed an Interlocutory Application seeking the NCLT's permission to appoint Mr. Munot as the RP.
Sign in to view the parties.
NCLT admitted the petition filed by Kamlesh…
The IRP issued a public…
Sign in to view related legal provisions.
This case involves an Interlocutory Application filed by Bank of India Limited, seeking permission from the NCLT Mumbai Bench for the appointment of Mr. Fanendra Harakchand Munot as the Resolution Professional (RP) to continue the Corporate Insolvency Resolution Process (CIRP) of Govindam Metals & Alloys Private Limited. The CIRP was initiated following an order dated 17.01.2020, based on a petition filed by Kamlesh Satish Agarwal Goyal (Proprietor of Meera Tradelinks) due to a default in loan payment by the Corporate Debtor. Initially, Mr. Arun Rajabhau Joshi was appointed as the Interim Resolution Professional (IRP).
On 17.01.2020, the NCLT admitted a petition filed by Kamlesh Satish Agarwal Goyal (Meera Tradelinks) under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating CIRP against Govindam Metal & Alloy Private Limited due to loan default. Mr. Arun Rajabhau Joshi was appointed as the Interim Resolution Professional (IRP). Bank of India, a member of the Committee of Creditors (CoC) with 94.12% voting share, filed a claim of Rs. 16,14,00,000, with the IRP admitting Rs. 9,83,98,000. The CoC held two meetings and unanimously (100% votes) resolved to appoint Mr. Fanendra Harakchand Munot as the Resolution Professional (RP), replacing the existing IRP. Bank of India then filed an Interlocutory Application seeking the NCLT's permission to appoint Mr. Munot as the RP.
NCLT admitted the petition filed by Kamlesh…
The IRP issued a public…
Sign in to view related legal provisions.