The case involves an application filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) passed a resolution with 100% voting share in its 3rd meeting held on March 6, 2020, to replace the existing IRP, Mr. Jatin Madan, with CMA Sandeep Goel. The application was filed in the National Company Law Tribunal, New Delhi.
Bank of Baroda initiated a Corporate Insolvency Resolution Process (CIRP) against One World Travel Solutions Ltd. An application was filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016, to replace the existing Interim Resolution Professional (IRP), Mr. Jatin Madan, with CMA Sandeep Goel. The Committee of Creditors (CoC) approved this replacement with a 100% voting share during their 3rd meeting on March 6, 2020. The NCLT considered the submissions and documents presented by the counsel and subsequently appointed CMA Sandeep Goel as the Resolution Professional for the corporate debtor. Another application, IA-2185/2020, was disposed of in light of the order passed in the application for IRP replacement.
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The Committee of Creditors (CoC) held its 3rd…
The NCLT delivered the order approving the…
The case involves an application filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) passed a resolution with 100% voting share in its 3rd meeting held on March 6, 2020, to replace the existing IRP, Mr. Jatin Madan, with CMA Sandeep Goel. The application was filed in the National Company Law Tribunal, New Delhi.
Bank of Baroda initiated a Corporate Insolvency Resolution Process (CIRP) against One World Travel Solutions Ltd. An application was filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016, to replace the existing Interim Resolution Professional (IRP), Mr. Jatin Madan, with CMA Sandeep Goel. The Committee of Creditors (CoC) approved this replacement with a 100% voting share during their 3rd meeting on March 6, 2020. The NCLT considered the submissions and documents presented by the counsel and subsequently appointed CMA Sandeep Goel as the Resolution Professional for the corporate debtor. Another application, IA-2185/2020, was disposed of in light of the order passed in the application for IRP replacement.
The Committee of Creditors (CoC) held its 3rd…
The NCLT delivered the order approving the…