The case involves an application filed by the Committee of Creditors (CoC) of Baron Infotech Limited under Section 22 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to replace the Interim Resolution Professional (IRP). The Corporate Insolvency Resolution Process (CIRP) was initiated, and an IRP was appointed. The CoC, being the sole member, resolved to replace the existing IRP with Mr. Bondalapati Srinivasa Rao.
The Committee of Creditors (CoC) of Baron Infotech Limited filed an application to replace the Interim Resolution Professional (IRP) under Section 22 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Company Petition was admitted on 2024-05-10, and Shri Haridasu Sambasiva Rao was appointed as the IRP. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 2024-05-10. The IRP made a public announcement on 2024-05-15, with a claim submission deadline of 2024-05-28. The IRP received two claims, one from the Applicant (CoC) for Rs. 1,28,54,428/- and another from Mr. B. Vishnu Vardhan Reddy, which is still under verification. The CoC, consisting of the Applicant as the sole member, resolved on 2024-06-08 to replace the IRP with Mr.
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The Company Petition…
Shri Haridasu Sambasiva…
The case involves an application filed by the Committee of Creditors (CoC) of Baron Infotech Limited under Section 22 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to replace the Interim Resolution Professional (IRP). The Corporate Insolvency Resolution Process (CIRP) was initiated, and an IRP was appointed. The CoC, being the sole member, resolved to replace the existing IRP with Mr. Bondalapati Srinivasa Rao.
The Committee of Creditors (CoC) of Baron Infotech Limited filed an application to replace the Interim Resolution Professional (IRP) under Section 22 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Company Petition was admitted on 2024-05-10, and Shri Haridasu Sambasiva Rao was appointed as the IRP. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 2024-05-10. The IRP made a public announcement on 2024-05-15, with a claim submission deadline of 2024-05-28. The IRP received two claims, one from the Applicant (CoC) for Rs. 1,28,54,428/- and another from Mr. B. Vishnu Vardhan Reddy, which is still under verification. The CoC, consisting of the Applicant as the sole member, resolved on 2024-06-08 to replace the IRP with Mr.
…The Company Petition…
Shri Haridasu Sambasiva…