The case involves an application (MA/955/2019) moved by the Applicant/Financial Creditor, IDBI Bank Limited, seeking the replacement of the existing Interim Resolution Professional (IRP), Mr. Savan Godiawala. The application is based on the decision made during the second meeting of the Committee of Creditors (CoC) held on August 21, 2019, where a majority of 82.71% voting share favored the appointment of Mr. Abhijit Guhathakurta as the new Resolution Professional (RP).
IDBI Bank Limited, acting as the Applicant/Financial Creditor, initiated a motion (MA/955/2019) to replace the current Interim Resolution Professional (IRP), Mr. Savan Godiawala, for Siva Industries and Holdings Ltd. The decision to replace the IRP was based on a vote held during the second meeting of the Committee of Creditors (CoC) on August 21, 2019, where 82.71% of the voting share favored the appointment of Mr. Abhijit Guhathakurta (Regn No: IBBI/IPA-003/IP-N000103/2017-18/11158) as the new Resolution Professional (RP). The application is under Section 22(2).
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The second meeting of the Committee of…
Order issued by the NCLT bench to forward the…
The case involves an application (MA/955/2019) moved by the Applicant/Financial Creditor, IDBI Bank Limited, seeking the replacement of the existing Interim Resolution Professional (IRP), Mr. Savan Godiawala. The application is based on the decision made during the second meeting of the Committee of Creditors (CoC) held on August 21, 2019, where a majority of 82.71% voting share favored the appointment of Mr. Abhijit Guhathakurta as the new Resolution Professional (RP).
IDBI Bank Limited, acting as the Applicant/Financial Creditor, initiated a motion (MA/955/2019) to replace the current Interim Resolution Professional (IRP), Mr. Savan Godiawala, for Siva Industries and Holdings Ltd. The decision to replace the IRP was based on a vote held during the second meeting of the Committee of Creditors (CoC) on August 21, 2019, where 82.71% of the voting share favored the appointment of Mr. Abhijit Guhathakurta (Regn No: IBBI/IPA-003/IP-N000103/2017-18/11158) as the new Resolution Professional (RP). The application is under Section 22(2).
The second meeting of the Committee of…
Order issued by the NCLT bench to forward the…