The case involves an application filed by the Committee of Creditors (CoC), represented by Omkara Asset Reconstruction Private Limited, under Section 22 of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the Interim Resolution Professional (IRP), Mr. Sajjan Kumar Dokania, with Mr. Kannan Tiruvengadam. The underlying Company Petition, C.P. (IB) No. 149/KB/2019, was filed by Allahabad Bank (now Indian Bank), and the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against City Mall Developers Private Limited on 08 March 2022. Mr. Sajjan Kumar Dokania was initially appointed as the IRP.
Allahabad Bank (now Indian Bank) filed C.P. (IB) No. 149/KB/2019 against City Mall Developers Private Limited, leading to the initiation of CIRP on 08 March 2022. Sajjan Kumar Dokania was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 09 March 2022, and the IRP collated claims, leading to the constitution of the Committee of Creditors (CoC). The first CoC meeting occurred on 05 April 2022. The CoC then resolved to replace Sajjan Kumar Dokania with Kannan Tiruvengadam as the Resolution Professional. Kannan Tiruvengadam submitted the required documentation, including Form AA and a valid Authorisation for Assignment (AFA). The application for replacement was filed under Section 22 of the Insolvency and Bankruptcy Code, 2016.
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C.P. (IB) No.…
Corporate Insolvency Resolution Process (CIRP)…
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The case involves an application filed by the Committee of Creditors (CoC), represented by Omkara Asset Reconstruction Private Limited, under Section 22 of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the Interim Resolution Professional (IRP), Mr. Sajjan Kumar Dokania, with Mr. Kannan Tiruvengadam. The underlying Company Petition, C.P. (IB) No. 149/KB/2019, was filed by Allahabad Bank (now Indian Bank), and the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against City Mall Developers Private Limited on 08 March 2022. Mr. Sajjan Kumar Dokania was initially appointed as the IRP.
Allahabad Bank (now Indian Bank) filed C.P. (IB) No. 149/KB/2019 against City Mall Developers Private Limited, leading to the initiation of CIRP on 08 March 2022. Sajjan Kumar Dokania was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 09 March 2022, and the IRP collated claims, leading to the constitution of the Committee of Creditors (CoC). The first CoC meeting occurred on 05 April 2022. The CoC then resolved to replace Sajjan Kumar Dokania with Kannan Tiruvengadam as the Resolution Professional. Kannan Tiruvengadam submitted the required documentation, including Form AA and a valid Authorisation for Assignment (AFA). The application for replacement was filed under Section 22 of the Insolvency and Bankruptcy Code, 2016.
C.P. (IB) No.…
Corporate Insolvency Resolution Process (CIRP)…
Sign in to view related legal provisions.