Asset Reconstruction Company (India) Ltd.(ARCIL) is undergoing Corporate Insolvency Resolution Process (CIRP). An application, IA 202/2019, was filed in relation to the CIRP case C.P. (I.B) No. 67/NCLT/AHM/2018, seeking the replacement of the Interim Resolution Professional (IRP). The IBBI has confirmed the replacement of the IRP with Mr. Rajesh Jhunjhunwala, RP. The previous IRP's lawyer has no objection to the replacement, provided the dues are paid. The breakup of the dues is given in the affidavit. The Committee of Creditors is expected to consider the expenses filed by the erstwhile IRP on the constitution of the Committee of Creditors. The IRP is directed to transfer all the information and records to the RP within a week, so approved by the IBBI.

Asset Reconstruction Company (India) Ltd.(ARCIL) is undergoing Corporate Insolvency Resolution Process (CIRP). An application, IA 202/2019, was filed in relation to the CIRP case C.P. (I.B) No. 67/NCLT/AHM/2018, seeking the replacement of the Interim Resolution Professional (IRP). The IBBI has confirmed the replacement of the IRP with Mr. Rajesh Jhunjhunwala, RP. The previous IRP's lawyer has no objection to the replacement, provided the dues are paid. The breakup of the dues is given in the affidavit. The Committee of Creditors is expected to consider the expenses filed by the erstwhile IRP on the constitution of the Committee of Creditors. The IRP is directed to transfer all the information and records to the RP within a week, so approved by the IBBI.