The case involves an application filed by RBL Bank, a financial creditor, under Section 22(3)(b) of the Insolvency and Bankruptcy Code (IBC) for a change of the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) passed a resolution with 88% voting to replace Mr. Vinod with Mr. Deven as the Resolution Professional for the Corporate Debtor.
RBL Bank, a financial creditor, filed an application under Section 22(3)(b) of the Insolvency and Bankruptcy Code (IBC) seeking a change of the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) had passed a resolution with 88% voting to replace Mr. Vinod with Mr. Deven as the Resolution Professional for the Corporate Debtor. The application was filed because the CoC wanted to replace the existing IRP with a new one. The court heard the counsel for RBL Bank.
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Hearing of the Mumbai…
The case involves an application filed by RBL Bank, a financial creditor, under Section 22(3)(b) of the Insolvency and Bankruptcy Code (IBC) for a change of the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) passed a resolution with 88% voting to replace Mr. Vinod with Mr. Deven as the Resolution Professional for the Corporate Debtor.
RBL Bank, a financial creditor, filed an application under Section 22(3)(b) of the Insolvency and Bankruptcy Code (IBC) seeking a change of the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) had passed a resolution with 88% voting to replace Mr. Vinod with Mr. Deven as the Resolution Professional for the Corporate Debtor. The application was filed because the CoC wanted to replace the existing IRP with a new one. The court heard the counsel for RBL Bank.
Hearing of the Mumbai…