Hemant Kumar Shah, the Resolution Professional of the Corporate Debtor, filed an Interlocutory Application (IA 3978/2023) seeking to be replaced. Hemant Kumar Shah received a job opportunity with a Government of India undertaking in Dadra & Nagar Haveli, Daman and Diu as Chief Financial Officer. The applicant proposed Mr. Ankit Goel as the replacement Resolution Professional. The court noted that the resolution passed by the Committee of Creditors (CoC) was unclear regarding whether the Insolvency Professional is being appointed as a designated partner or in an individual capacity. The court directed the applicant to seek instructions from the client on this matter.

Hemant Kumar Shah, the Resolution Professional of the Corporate Debtor, filed an Interlocutory Application (IA 3978/2023) seeking to be replaced. Hemant Kumar Shah received a job opportunity with a Government of India undertaking in Dadra & Nagar Haveli, Daman and Diu as Chief Financial Officer. The applicant proposed Mr. Ankit Goel as the replacement Resolution Professional. The court noted that the resolution passed by the Committee of Creditors (CoC) was unclear regarding whether the Insolvency Professional is being appointed as a designated partner or in an individual capacity. The court directed the applicant to seek instructions from the client on this matter.