The case involves an application (IA(IBC)/1867(KB)2023) filed by the Committee of Creditors (CoC) of Aanchal Ispat Ltd., the Corporate Debtor, seeking the appointment of Mr. Santanu Brahma as the Resolution Professional (RP) in place of the Interim Resolution Professional (IRP), Mr. Sriram Mittal. The Corporate Insolvency Resolution Process (CIRP) was initiated against Aanchal Ispat Limited based on a petition filed by Aldous Commodities Private Limited, an Operational Creditor, as per an order dated 12/09/2023.
Aldous Commodities Private Limited, an Operational Creditor, filed a petition that led to the initiation of the Corporate Insolvency Resolution Process (CIRP) against Aanchal Ispat Limited. Mr. Sriram Mittal was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) of Aanchal Ispat Ltd. convened and, in its first meeting held on 11/10/2023, passed a resolution with 100% voting share to replace Mr. Sriram Mittal with Mr. Shantanu Brahma as the Resolution Professional (RP). Mr. Shantanu Brahma provided his consent to act as the RP. The CoC then filed an application (IA(IBC)/1867(KB)2023) before the Adjudicating Authority seeking the appointment of Mr. Shantanu Brahma as the RP. The application was supported by an affidavit
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The Adjudicating Authority ordered the…
Mr. Shantanu Brahma…
The case involves an application (IA(IBC)/1867(KB)2023) filed by the Committee of Creditors (CoC) of Aanchal Ispat Ltd., the Corporate Debtor, seeking the appointment of Mr. Santanu Brahma as the Resolution Professional (RP) in place of the Interim Resolution Professional (IRP), Mr. Sriram Mittal. The Corporate Insolvency Resolution Process (CIRP) was initiated against Aanchal Ispat Limited based on a petition filed by Aldous Commodities Private Limited, an Operational Creditor, as per an order dated 12/09/2023.
Aldous Commodities Private Limited, an Operational Creditor, filed a petition that led to the initiation of the Corporate Insolvency Resolution Process (CIRP) against Aanchal Ispat Limited. Mr. Sriram Mittal was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) of Aanchal Ispat Ltd. convened and, in its first meeting held on 11/10/2023, passed a resolution with 100% voting share to replace Mr. Sriram Mittal with Mr. Shantanu Brahma as the Resolution Professional (RP). Mr. Shantanu Brahma provided his consent to act as the RP. The CoC then filed an application (IA(IBC)/1867(KB)2023) before the Adjudicating Authority seeking the appointment of Mr. Shantanu Brahma as the RP. The application was supported by an affidavit
…The Adjudicating Authority ordered the…
Mr. Shantanu Brahma…