L & T Housing Finance Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Majestic Market Research Support Services. During the CIRP, an Interim Resolution Professional (IRP), Mr. Dhiren Shah, was appointed. Subsequently, in the 3rd meeting of the Committee of Creditors (CoC), held on March 7, 2020, the CoC, with a majority of 94.7%, resolved to replace Mr. Dhiren Shah with Mr. Anil Vaidya as the Resolution Professional. This decision was based on a proposal made by a CoC member, and the CoC also resolved that Mr. Vaidya's remuneration would be Rs. 75,000 plus out-of-pocket expenses and GST. Bank of Baroda, through its lawyer, was to move an application for the appointment of Mr. Vaidya. An application (IA/943/MB/2020) was filed in C.P.

L & T Housing Finance Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Majestic Market Research Support Services. During the CIRP, an Interim Resolution Professional (IRP), Mr. Dhiren Shah, was appointed. Subsequently, in the 3rd meeting of the Committee of Creditors (CoC), held on March 7, 2020, the CoC, with a majority of 94.7%, resolved to replace Mr. Dhiren Shah with Mr. Anil Vaidya as the Resolution Professional. This decision was based on a proposal made by a CoC member, and the CoC also resolved that Mr. Vaidya's remuneration would be Rs. 75,000 plus out-of-pocket expenses and GST. Bank of Baroda, through its lawyer, was to move an application for the appointment of Mr. Vaidya. An application (IA/943/MB/2020) was filed in C.P.