# In the matter  of Impala Distillery and Brewery Ltd. IA 152,382,634,815,1454,1514,1733 & 1715-2021 in CP (IB) 817-MB-2019

> NCLT judgment dated 2021-10-06. Citation: TCN-2021-NCLT-00830. The document pertains to several Interlocutory Applications (IAs) filed in a Corporate…

- **Court:** NCLT
- **Order date:** 6 Oct 2021
- **Citation:** TCN-2021-NCLT-00830
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/impala-distillery-and-brewery-ltd-ia-152382634815145415141733-1715-2021-in-cp-ib-703d97ae

## Summary

### Background

The document pertains to several Interlocutory Applications (IAs) filed in a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Specifically, IA 382/2021, IA 634/2021, IA 152/2021, IA 2092/2021, IA 815/2021, IA 1454/2021, IA 1514/2021, IA 1733/2020, and IA 1715/2021 are being considered in CP (IB) 817/MB/2019. One key application involves the replacement of the Resolution Professional (RP) Mr. Sameer Kakar with Ms. Sujata Chattopadhyay.

## Facts

IDBI Bank Limited filed a petition against M/s Impala Distillery and Brewery Ltd., the corporate debtor, initiating a Corporate Insolvency Resolution Process (CIRP). Several Interlocutory Applications (IAs) were filed within this CIRP, including IA 382/2021, IA 634/2021, IA 152/2021, IA 2092/2021, IA 815/2021, IA 1454/2021, IA 1514/2021, IA 1733/2020, and IA 1715/2021. A key application, filed under Section 27 and Section 60(5) of the Insolvency and Bankruptcy Code, sought the replacement of the existing Resolution Professional (RP), Mr. Sameer Kakar, with Ms. Sujata Chattopadhyay. The application was supported by the minutes of the Committee of Creditors (CoC) dated 16.09.2021, indicating their consent for the replacement. Ms. Chattopadhyay also provided her written

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## Issues and analysis

### Issue 1: Whether the application for replacement of the Resolution Professional, Mr. Sameer Kakar, with Ms. …

**Ratio:** Section 27 of the Insolvency and Bankruptcy Code (IBC) and Section 60(5) allows for the

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**Reasoning:** The court reasoned that the application was supported by the minutes of the CoC meeting

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**Interpretation:** The interpretation of Section 27 and Section 60(5) of the IBC, read with Rule

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**Application:** In this case, the court applied the ratio by considering the CoC's support and

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## Parties

- **Judges:** SH. BHASKARA…; SH. NARENDER…
- **Appellants:** IDBI Bank L…
- **Respondents:** M/s Impala…

## Timeline

- **2021-09-16 — CoC Meet…**: Minutes of the Committee of Creditors (CoC) meeting, supporting the replacement of the…
- **2021-11-19 — Listing of App…**: CA No. 1342/2018 and all other pending applications were directed to be listed for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 43(1) — Preferential transactions and relevant time](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-43)

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