Debashis Chakraborty initiated a Corporate Insolvency Resolution Process (CIRP) against Stone India Ltd. An Interim Resolution Professional (IRP), CA. Anil Anchalia, was appointed. However, the Committee of Creditors (CoC) found the IRP's proposed professional fees to be excessively high. Consequently, the CoC decided to propose Ms. Sonu Jain as the new Resolution Professional, with a vote share of 77.88%. The application CA No.961/KB/2018 was filed under Section 22(3)(b) of the I.B. Code, 2016, seeking the replacement of the IRP. The court heard the application and directed the outgoing IRP to hand over all records to Ms. Sonu Jain.

Debashis Chakraborty initiated a Corporate Insolvency Resolution Process (CIRP) against Stone India Ltd. An Interim Resolution Professional (IRP), CA. Anil Anchalia, was appointed. However, the Committee of Creditors (CoC) found the IRP's proposed professional fees to be excessively high. Consequently, the CoC decided to propose Ms. Sonu Jain as the new Resolution Professional, with a vote share of 77.88%. The application CA No.961/KB/2018 was filed under Section 22(3)(b) of the I.B. Code, 2016, seeking the replacement of the IRP. The court heard the application and directed the outgoing IRP to hand over all records to Ms. Sonu Jain.