The case involves an application (I.A. No.314 of 2020) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code (I&B Code), 2016. The CIRP was initiated for Synew Steel Private Limited. The initial Interim Resolution Professional (IRP), Mrs. Tanuja Jalan, expressed her inability to continue due to health reasons and the pandemic, withdrawing her consent. The applicant then proposed Mr. Mandar Shrikant Wagh as the new IRP.
M/s. Synew Steel Private Limited filed a Company Petition (CP (IB) No.96/BB/2020) under Section 10 of the I&B Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority initiated the CIRP and appointed Mrs. Tanuja Jalan as the Interim Resolution Professional (IRP). Mrs. Jalan subsequently withdrew her consent to act as IRP due to health issues and the pandemic. The Corporate Applicant then filed I.A. No.314 of 2020, proposing Mr. Mandar Shrikant Wagh as the new IRP. Mr. Wagh submitted his written consent and affidavit. The court considered the withdrawal of consent by the existing IRP and the consent of the proposed IRP.
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The Adjudicating Authority initiated the CIRP…
Mrs. Tanuja Jalan expressed her inability to…
The case involves an application (I.A. No.314 of 2020) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code (I&B Code), 2016. The CIRP was initiated for Synew Steel Private Limited. The initial Interim Resolution Professional (IRP), Mrs. Tanuja Jalan, expressed her inability to continue due to health reasons and the pandemic, withdrawing her consent. The applicant then proposed Mr. Mandar Shrikant Wagh as the new IRP.
M/s. Synew Steel Private Limited filed a Company Petition (CP (IB) No.96/BB/2020) under Section 10 of the I&B Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority initiated the CIRP and appointed Mrs. Tanuja Jalan as the Interim Resolution Professional (IRP). Mrs. Jalan subsequently withdrew her consent to act as IRP due to health issues and the pandemic. The Corporate Applicant then filed I.A. No.314 of 2020, proposing Mr. Mandar Shrikant Wagh as the new IRP. Mr. Wagh submitted his written consent and affidavit. The court considered the withdrawal of consent by the existing IRP and the consent of the proposed IRP.
The Adjudicating Authority initiated the CIRP…
Mrs. Tanuja Jalan expressed her inability to…