The case involves an application filed under Regulation 31(A) Sub Regulation 11 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The applicant sought the replacement of the existing liquidator, Mr. Sandip Kumar Kejriwal, with Mr. Vijender Sharma. The State Bank of India, holding 100% voting share in the Stakeholders Consultation Committee (SCC), supported this replacement. A resolution was passed at the 1st SCC meeting dated 2025-01-13, suggesting Mr. Vijender Sharma as the new liquidator, which was approved by 100% voting.
The State Bank of India initiated a corporate insolvency resolution process (CIRP) against Ambay Coke Industries Private Limited under Section 7 of the IBC. The company entered liquidation, and Mr. Sandip Kumar Kejriwal was appointed as the liquidator. The State Bank of India holds 100% voting share in the Stakeholders Consultation Committee (SCC). In a meeting held on 2025-01-13, the SCC suggested replacing Mr. Sandip Kumar Kejriwal with Mr. Vijender Sharma as the liquidator. The SCC passed a resolution approving the change with 100% voting. The applicant filed an application (IA(I.B.C)/282(KB)2025) seeking the replacement of the liquidator. Mr. Vijender Sharma has the required IBBI registration number IBBI/IPA-003/IP-N00003/2016-2017/10022. The application also
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The case involves an application filed under Regulation 31(A) Sub Regulation 11 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The applicant sought the replacement of the existing liquidator, Mr. Sandip Kumar Kejriwal, with Mr. Vijender Sharma. The State Bank of India, holding 100% voting share in the Stakeholders Consultation Committee (SCC), supported this replacement. A resolution was passed at the 1st SCC meeting dated 2025-01-13, suggesting Mr. Vijender Sharma as the new liquidator, which was approved by 100% voting.
The State Bank of India initiated a corporate insolvency resolution process (CIRP) against Ambay Coke Industries Private Limited under Section 7 of the IBC. The company entered liquidation, and Mr. Sandip Kumar Kejriwal was appointed as the liquidator. The State Bank of India holds 100% voting share in the Stakeholders Consultation Committee (SCC). In a meeting held on 2025-01-13, the SCC suggested replacing Mr. Sandip Kumar Kejriwal with Mr. Vijender Sharma as the liquidator. The SCC passed a resolution approving the change with 100% voting. The applicant filed an application (IA(I.B.C)/282(KB)2025) seeking the replacement of the liquidator. Mr. Vijender Sharma has the required IBBI registration number IBBI/IPA-003/IP-N00003/2016-2017/10022. The application also
…The Stakeholders Consultation Committee (SCC)…
The court heard the application for the…
Sign in to view related legal provisions.