The application IA/1330(CHE)/2022 was filed under Section 60(5) r/w Rule 11 of the NCLT Rules and Regulation 31A of the IBBI (Liquidation process) Regulation, 2016. The primary purpose of the application was to replace the existing liquidator of the Corporate Debtor, BKR Hotels and Resorts Pvt Ltd, with Mr. Shriraam Sheker, an Insolvency Professional. The 8th stakeholders committee meeting held on 03.10.2022, indicated the stakeholders' decision to replace the liquidator. The Financial Creditor, Indian Bank, was involved as they were directed to settle the outstanding dues of the outgoing liquidator within seven days from the order date.

The application IA/1330(CHE)/2022 was filed under Section 60(5) r/w Rule 11 of the NCLT Rules and Regulation 31A of the IBBI (Liquidation process) Regulation, 2016. The primary purpose of the application was to replace the existing liquidator of the Corporate Debtor, BKR Hotels and Resorts Pvt Ltd, with Mr. Shriraam Sheker, an Insolvency Professional. The 8th stakeholders committee meeting held on 03.10.2022, indicated the stakeholders' decision to replace the liquidator. The Financial Creditor, Indian Bank, was involved as they were directed to settle the outstanding dues of the outgoing liquidator within seven days from the order date.