The Resolution Professional (RP) filed an application seeking modification of the liquidation order, proposing to become the liquidator himself, as his name was initially proposed by the Committee of Creditors (CoC). However, the bench notes that the RP's name was not present when Sanjay Kumar Jha was appointed as Liquidator. The RP seeks correction of the order to appoint him as Liquidator instead of Sanjay Kumar Jha, who was mistakenly appointed.
The Resolution Professional (RP) applied to modify the liquidation order, wanting to be appointed as the liquidator. The RP's name was initially proposed by the Committee of Creditors (CoC). Sanjay Kumar Jha was appointed as Liquidator, but the RP claims this was a mistake. The RP seeks to replace Sanjay Kumar Jha as Liquidator. The application lacked the recommendation and consent of the Resolution Professional to continue as Liquidator, which is relevant because it influenced the bench's decision to appoint someone else. The court has directed the appointed Liquidator to explain why the application should not be allowed, indicating a potential issue with the appointment process or the RP's initial exclusion.
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Order delivered…
The matter is listed…
The Resolution Professional (RP) filed an application seeking modification of the liquidation order, proposing to become the liquidator himself, as his name was initially proposed by the Committee of Creditors (CoC). However, the bench notes that the RP's name was not present when Sanjay Kumar Jha was appointed as Liquidator. The RP seeks correction of the order to appoint him as Liquidator instead of Sanjay Kumar Jha, who was mistakenly appointed.
The Resolution Professional (RP) applied to modify the liquidation order, wanting to be appointed as the liquidator. The RP's name was initially proposed by the Committee of Creditors (CoC). Sanjay Kumar Jha was appointed as Liquidator, but the RP claims this was a mistake. The RP seeks to replace Sanjay Kumar Jha as Liquidator. The application lacked the recommendation and consent of the Resolution Professional to continue as Liquidator, which is relevant because it influenced the bench's decision to appoint someone else. The court has directed the appointed Liquidator to explain why the application should not be allowed, indicating a potential issue with the appointment process or the RP's initial exclusion.
Order delivered…
The matter is listed…