# In the matter of Leading Hotels Ltd. (IB)-1053(PB)-2020

> NCLT judgment dated 2021-10-28. Citation: TCN-2021-NCLT-00667. The case involves an application for the substitution of the Interim Resolution Professional…

- **Court:** NCLT
- **Order date:** 28 Oct 2021
- **Citation:** TCN-2021-NCLT-00667
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/leading-hotels-ltd-ib-1053pb-2020-aa377027

## Summary

### Background

The case involves an application for the substitution of the Interim Resolution Professional (IRP) in the matter of Citron Strategies Pvt. Ltd. v. Leading Hotels Ltd. The original IRP, Ms. Minni Kataria, is to be replaced by Ms. Preeti Jaiswal.

## Facts

Citron Strategies Pvt. Ltd. initiated insolvency proceedings against Leading Hotels Ltd. An Interim Resolution Professional (IRP), Ms. Minni Kataria, was initially appointed. An application, IA-4939/2021, was filed seeking the substitution of Ms. Kataria with Ms. Preeti Jaiswal as the new IRP. The counsel representing Ms. Kataria stated that she had no objection to the substitution. The court, taking this into consideration, allowed the application.

## Issues and analysis

### Issue 1: Whether the application for substitution of the Interim Resolution Professional (IRP) should be …

**Ratio:** The consent or lack of objection from the existing IRP is a significant factor in

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**Reasoning:** The court's reasoning is based on the counsel representing the current IRP, Ms. Minni

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**Interpretation:** The interpretation is that if the existing IRP, or their counsel, does not

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**Application:** In this specific case, the counsel's lack of objection to the substitution of

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## Parties

- **Judges:** SH. BHASKARA…; Sh. Hemant Kumar…
- **Appellants:** Citron Strategies…
- **Respondents:** Leading Hotels…

## Timeline

- **2021-10-28 — Order Del…**: The order was delivered on October 28, 2021,…
- **2021-01-01 — IA-4939/202…**: Interlocutory Application IA-4939/2021 was…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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