The case involves an application filed for the substitution of the resolution professional. The resolution of the meeting of the Committee of Creditors (CoC) is placed on record for the said substitution. The consent of the incoming Resolution Professional is also placed on record. The counsel for the petitioner informed the court that the Corporate Insolvency Resolution Process (CIRP) costs and professional charges of the outgoing Resolution Professional have already been paid.
V.K. Traders, the petitioner and operational creditor, filed an application (CA No. 501/2019) in CP (IB) No. 118/Chd/Pb/2019 seeking the substitution of the resolution professional in the matter of Tripurari Agro Pvt. Ltd., the respondent and corporate debtor. The Committee of Creditors (CoC) had resolved to substitute the resolution professional, and their resolution was placed on record. The incoming resolution professional consented to the substitution, and this consent was also placed on record. The petitioner's counsel informed the court that the CIRP costs and professional charges of the outgoing resolution professional had been paid. The court considered these facts in allowing the application.
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The court disposed of CA No. 501/2019, allowing…
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The case involves an application filed for the substitution of the resolution professional. The resolution of the meeting of the Committee of Creditors (CoC) is placed on record for the said substitution. The consent of the incoming Resolution Professional is also placed on record. The counsel for the petitioner informed the court that the Corporate Insolvency Resolution Process (CIRP) costs and professional charges of the outgoing Resolution Professional have already been paid.
V.K. Traders, the petitioner and operational creditor, filed an application (CA No. 501/2019) in CP (IB) No. 118/Chd/Pb/2019 seeking the substitution of the resolution professional in the matter of Tripurari Agro Pvt. Ltd., the respondent and corporate debtor. The Committee of Creditors (CoC) had resolved to substitute the resolution professional, and their resolution was placed on record. The incoming resolution professional consented to the substitution, and this consent was also placed on record. The petitioner's counsel informed the court that the CIRP costs and professional charges of the outgoing resolution professional had been paid. The court considered these facts in allowing the application.
The court disposed of CA No. 501/2019, allowing…
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