# In the matter of C & C Towers Ltd. IA No.916-2022 In CP (IB) No.105-Chd-Hry-2019

> NCLT judgment dated 2022-08-16. Citation: TCN-2022-NCLT-01361. The application, IA No. 916/2022, was filed seeking the replacement of the existing Resolution…

- **Court:** NCLT
- **Order date:** 16 Aug 2022
- **Citation:** TCN-2022-NCLT-01361
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/c-c-towers-ltd-ia-no916-2022-in-cp-ib-no105-chd-hry-2019-00c89955

## Summary

### Background

The application, IA No. 916/2022, was filed seeking the replacement of the existing Resolution Professional (RP), Mr. Gaurav Khurana, with Mr. Anuj Jain. The Committee of Creditors (CoC) approved the resolution for this replacement during its 22nd meeting held on July 12, 2022. Mr. Gaurav Khurana, the existing RP, presided over the meeting and expressed no objection to being replaced by Mr. Anuj Jain.

## Facts

Mrs. Kussum Chadha & Anr. filed a petition against C & C Towers Ltd. The present matter pertains to IA No. 916/2022 filed in CP (IB) No. 105/Chd/Hry/2019. The application seeks the replacement of the existing Resolution Professional (RP), Mr. Gaurav Khurana, with Mr. Anuj Jain. The Committee of Creditors (CoC) passed a resolution in its meeting on 2022-07-12 approving the replacement. Mr. Gaurav Khurana, the existing RP, has no objection to being replaced. The consent of the proposed RP, Mr. Anuj Jain, is attached. The court appointed Mr. Anuj Jain as the new RP, subject to verification by the Registry, with a report due before 2022-09-06.

## Issues and analysis

### Issue 1: Whether the application for replacement of the Resolution Professional, Mr. Gaurav Khurana, with …

**Ratio:** The replacement of a Resolution Professional can be approved if the Committee of

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**Reasoning:** The court considered the CoC's resolution approving the replacement and the existing RP's

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**Interpretation:** This demonstrates the court's adherence to the procedure for RP replacement,

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**Application:** The CoC passed a resolution to replace Mr. Gaurav Khurana with Mr. Anuj Jain.

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## Parties

- **Judges:** SUBRATA KUM…; Harnam Singh…
- **Appellants:** Kussum Chadha &…
- **Respondents:** C & C Tower…
- **Advocates:** Anand Chh…; Sanjay…

## Timeline

- **2019-01-01 — CP (IB)…**: CP (IB) No.105/Chd/Hry/2…
- **2022-07-12 — CoC Meet…**: The Committee of Creditors (CoC) held its 22nd meeting and passed a resolution to replace…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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