# In the matter of HDFC Bank Ltd Vs. Sheetal Chandra Prakash, CP(IB)-274(MB)/2021

> NCLT judgment dated 2023-01-03. Citation: TCN-2023-NCLT-05221. The case involves an Interlocutory Application (I.A. 3939/2022) filed in C.P.(IB)-274(MB)/2021…

- **Court:** NCLT
- **Order date:** 3 Jan 2023
- **Citation:** TCN-2023-NCLT-05221
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/hdfc-bank-ltd-vs-sheetal-chandra-prakash-cp-06e48006

## Summary

### Background

The case involves an Interlocutory Application (I.A. 3939/2022) filed in C.P.(IB)-274(MB)/2021 before the National Company Law Tribunal (NCLT), Mumbai Bench. The application pertains to obtaining written consent, authorization for assignment, and certificate of registration for a new Resolution Professional (RP), Ms. Pooja Miglani. The initial RP, Mr. Pramodkumar Ramesh Ladda, expressed unwillingness to be appointed due to personal difficulties.

## Facts

HDFC Bank Ltd initiated insolvency proceedings against Sheetal Chandra Parkash under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. An Interlocutory Application (I.A. 3939/2022) was filed to appoint a new Resolution Professional (RP). Mr. Pramodkumar Ramesh Ladda, the initially proposed RP, declined the appointment due to personal difficulties. The applicant sought the appointment of Ms. Pooja Miglani as the new RP. The court considered the submissions and appointed Ms. Pooja Damir Miglani as the RP, with registration number IBBI/IPA-002/IP-N01189/2021-2022/13994. The Registry was directed to communicate the order to the RP. The case was listed for further hearing on 20.01.2023. Uditi Singh i/b INDIALAW LLP appeared as counsel for the Financial Creditor.

## Issues and analysis

### Issue 1: Whether the Interlocutory Application (I.A. 3939/2022) for the appointment of a new Resolution …

**Ratio:** The court has the power to appoint a Resolution Professional (RP) to facilitate the

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**Reasoning:** The initial RP expressed unwillingness due to personal difficulties, necessitating the

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**Interpretation:** The interpretation of the law allows for the replacement of an RP when

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**Application:** Given the initial RP's unwillingness, the court applied its power to appoint

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## Parties

- **Judges:** H.V. Subb…; Madhu S…
- **Appellants:** HDFC Bank…
- **Respondents:** Sheetal Chandra…
- **Advocates:** Uditi S…

## Timeline

- **2023-01-03 — Order Da…**: Order sheet of the hearing of Mumbai Bench…
- **2023-01-20 — Next Hearin…**: Matter listed for…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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