The Committee of Creditors (CoC) of Muthoot Fincorp Ltd. passed a resolution in its first meeting to replace the existing Interim Resolution Professional (IRP), Ms. K. Sripriya Kumar, with Ms. Deepa V Ramani. The application for this replacement was moved before the National Company Law Tribunal (NCLT), Chennai Bench. The NCLT is considering the application and has decided to forward the name of Ms. Deepa V Ramani to the Insolvency and Bankruptcy Board of India (IBBI) for confirmation. The order specifies that the IBBI must confirm the appointment within ten days. The application number is MA/691/2019 and the petition number is IBA/434/2019. The case is being heard under Section 22(3)(b) of the IBC.

The Committee of Creditors (CoC) of Muthoot Fincorp Ltd. passed a resolution in its first meeting to replace the existing Interim Resolution Professional (IRP), Ms. K. Sripriya Kumar, with Ms. Deepa V Ramani. The application for this replacement was moved before the National Company Law Tribunal (NCLT), Chennai Bench. The NCLT is considering the application and has decided to forward the name of Ms. Deepa V Ramani to the Insolvency and Bankruptcy Board of India (IBBI) for confirmation. The order specifies that the IBBI must confirm the appointment within ten days. The application number is MA/691/2019 and the petition number is IBA/434/2019. The case is being heard under Section 22(3)(b) of the IBC.