This is an application filed under Section 22(3)(b) seeking permission to replace the earlier Interim Resolution Professional (IRP) with a newly recommended Resolution Professional (RP), Mr. Ashwani Mehra. The Committee of Creditors (CoC) passed a resolution in its meeting held on 08.05.2019, which was listed as Item No. 7A and approved with a voting share of 73.55%. The name of the other proposed RP was not approved. The written consent of the newly approved RP, along with the necessary declaration in form AA, has been placed on record in pursuance of Regulation 3(1A) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016.
ICICI Bank filed an application to replace the existing Interim Resolution Professional (IRP) with a newly recommended Resolution Professional (RP), Mr. Ashwani Mehra. The Committee of Creditors (CoC) approved the appointment of Mr. Ashwani Mehra with a voting share of 73.55% during a meeting held on 08.05.2019. The written consent and necessary declarations, as required by Regulation 3(1A) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016, were submitted to the court. The State Bank of India's counsel was authorized to file the application. The previous IRP is being replaced by Ashwani Mehra.
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The Committee of Creditors (CoC) held a…
The NCLT delivered the…
This is an application filed under Section 22(3)(b) seeking permission to replace the earlier Interim Resolution Professional (IRP) with a newly recommended Resolution Professional (RP), Mr. Ashwani Mehra. The Committee of Creditors (CoC) passed a resolution in its meeting held on 08.05.2019, which was listed as Item No. 7A and approved with a voting share of 73.55%. The name of the other proposed RP was not approved. The written consent of the newly approved RP, along with the necessary declaration in form AA, has been placed on record in pursuance of Regulation 3(1A) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016.
ICICI Bank filed an application to replace the existing Interim Resolution Professional (IRP) with a newly recommended Resolution Professional (RP), Mr. Ashwani Mehra. The Committee of Creditors (CoC) approved the appointment of Mr. Ashwani Mehra with a voting share of 73.55% during a meeting held on 08.05.2019. The written consent and necessary declarations, as required by Regulation 3(1A) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016, were submitted to the court. The State Bank of India's counsel was authorized to file the application. The previous IRP is being replaced by Ashwani Mehra.
The Committee of Creditors (CoC) held a…
The NCLT delivered the…