The case involves an application (I.A No.174 of 2022) filed by the Committee of Creditors (CoC) of M/s. Dnyayogi Shri Shivakumar Swamiji Sugars Ltd. under Section 22(3)(b) and 60(5) of the IBC, 2016, seeking the replacement of the Interim Resolution Professional (IRP), Mrs. Pavitra Vyas, with Mr. Shivadutt Bannanje as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 07.03.2022, and Mrs. Pavitra Vyas was appointed as the IRP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Dnyayogi Shri Shivakumar Swamiji Sugars Ltd. via an order dated 07.03.2022, with Mrs. Pavitra Vyas appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) convened its first meeting on 06.04.2022, where a resolution to reject the continuation of Mrs. Pavitra Vyas as the RP was passed with 72.72% voting share. Subsequently, in its second meeting on 25.04.2022, the CoC, with 72.22% voting share, resolved to appoint Mr. Shivadutt Bannanje as the Resolution Professional (RP). The application (I.A No.174 of 2022) was filed seeking the replacement of the IRP with Mr. Shivadutt Bannanje. Form AA, containing the written consent of Mr. Shivadutt Bannanje, was also
…Sign in to view the parties.
The Adjudicating Authority initiated the CIRP…
The CoC in its 1st meeting held on 06.04.2022…
The case involves an application (I.A No.174 of 2022) filed by the Committee of Creditors (CoC) of M/s. Dnyayogi Shri Shivakumar Swamiji Sugars Ltd. under Section 22(3)(b) and 60(5) of the IBC, 2016, seeking the replacement of the Interim Resolution Professional (IRP), Mrs. Pavitra Vyas, with Mr. Shivadutt Bannanje as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 07.03.2022, and Mrs. Pavitra Vyas was appointed as the IRP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Dnyayogi Shri Shivakumar Swamiji Sugars Ltd. via an order dated 07.03.2022, with Mrs. Pavitra Vyas appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) convened its first meeting on 06.04.2022, where a resolution to reject the continuation of Mrs. Pavitra Vyas as the RP was passed with 72.72% voting share. Subsequently, in its second meeting on 25.04.2022, the CoC, with 72.22% voting share, resolved to appoint Mr. Shivadutt Bannanje as the Resolution Professional (RP). The application (I.A No.174 of 2022) was filed seeking the replacement of the IRP with Mr. Shivadutt Bannanje. Form AA, containing the written consent of Mr. Shivadutt Bannanje, was also
…The Adjudicating Authority initiated the CIRP…
The CoC in its 1st meeting held on 06.04.2022…