The case involves an application (IA No.129/2020) filed by the Committee of Creditors (CoC) under Section 22(3) of the Insolvency and Bankruptcy Code (IBC) in CP NO.(IB)325/ALD/2019. The CoC seeks to appoint Mr. Anshul Gupta as the Resolution Professional (RP) in place of the existing Interim Resolution Professional (IRP), Mr. Sunil Agarwal, for the Corporate Debtor. The CoC's decision to replace Mr. Sunil Agarwal was made in a meeting held on 03.03.2020, exercising the powers under Section 22 of the Code, with a 100% voting strength.
The Corporate Debtor is undergoing Corporate Insolvency Resolution Process (CIRP). Mr. Sunil Agarwal was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) convened a meeting on 03.03.2020 and unanimously decided, with 100% voting strength, to replace Mr. Sunil Agarwal. The CoC then filed IA No.129/2020 under Section 22(3) of the IBC in CP NO.(IB)325/ALD/2019, seeking the appointment of Mr. Anshul Gupta (IBBI Registration No.IBBI/IPA-002/IP-N00310/2017-18/10899) as the new Resolution Professional (RP). The application was filed before the Allahabad bench of the National Company Law Tribunal (NCLT).
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The Committee of Creditors (CoC) held a…
The Allahabad bench of the National Company Law…
The case involves an application (IA No.129/2020) filed by the Committee of Creditors (CoC) under Section 22(3) of the Insolvency and Bankruptcy Code (IBC) in CP NO.(IB)325/ALD/2019. The CoC seeks to appoint Mr. Anshul Gupta as the Resolution Professional (RP) in place of the existing Interim Resolution Professional (IRP), Mr. Sunil Agarwal, for the Corporate Debtor. The CoC's decision to replace Mr. Sunil Agarwal was made in a meeting held on 03.03.2020, exercising the powers under Section 22 of the Code, with a 100% voting strength.
The Corporate Debtor is undergoing Corporate Insolvency Resolution Process (CIRP). Mr. Sunil Agarwal was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) convened a meeting on 03.03.2020 and unanimously decided, with 100% voting strength, to replace Mr. Sunil Agarwal. The CoC then filed IA No.129/2020 under Section 22(3) of the IBC in CP NO.(IB)325/ALD/2019, seeking the appointment of Mr. Anshul Gupta (IBBI Registration No.IBBI/IPA-002/IP-N00310/2017-18/10899) as the new Resolution Professional (RP). The application was filed before the Allahabad bench of the National Company Law Tribunal (NCLT).
The Committee of Creditors (CoC) held a…
The Allahabad bench of the National Company Law…