IA No. 398 (AHM) 2021 was filed by Bank of Baroda, a financial creditor, seeking the appointment of an Interim Resolution Professional (IRP) for the Corporate Debtor. The request was made because the previous IRP was relieved of their duties due to health reasons. The original Operational Creditor did not approach the authority. The court considered the application, noting that the Corporate Insolvency Resolution Process (CIRP) is a time-bound process. Consequently, the court appointed Mr. Jaykumar Pesumal Arlani as the new IRP.

IA No. 398 (AHM) 2021 was filed by Bank of Baroda, a financial creditor, seeking the appointment of an Interim Resolution Professional (IRP) for the Corporate Debtor. The request was made because the previous IRP was relieved of their duties due to health reasons. The original Operational Creditor did not approach the authority. The court considered the application, noting that the Corporate Insolvency Resolution Process (CIRP) is a time-bound process. Consequently, the court appointed Mr. Jaykumar Pesumal Arlani as the new IRP.