UCO Bank initiated a Corporate Insolvency Resolution Process (CIRP) against GIT Textiles Manufacturing Limited under Section 7 of the IBC. Sunil Kumar Agarwal was initially appointed as the Interim Resolution Professional (IRP). However, Mr. Agarwal expressed his inability to take up the assignment due to reasons mentioned in an email. Consequently, UCO Bank filed an application, IA(IBC)/829(KB)2022, seeking the replacement of Mr. Agarwal. UCO Bank proposed Mr. Ramchandra Dallaram Choudhary as the new IRP, who had submitted his consent and authorization for the assignment. The Adjudicating Authority considered the application and the circumstances surrounding the initial IRP's inability to serve.

UCO Bank initiated a Corporate Insolvency Resolution Process (CIRP) against GIT Textiles Manufacturing Limited under Section 7 of the IBC. Sunil Kumar Agarwal was initially appointed as the Interim Resolution Professional (IRP). However, Mr. Agarwal expressed his inability to take up the assignment due to reasons mentioned in an email. Consequently, UCO Bank filed an application, IA(IBC)/829(KB)2022, seeking the replacement of Mr. Agarwal. UCO Bank proposed Mr. Ramchandra Dallaram Choudhary as the new IRP, who had submitted his consent and authorization for the assignment. The Adjudicating Authority considered the application and the circumstances surrounding the initial IRP's inability to serve.