The application, I.A.No.378/2024, was filed by the Financial Creditors of the Corporate Debtor under Section 60 (5) of the IBC, 2016, seeking to change the Interim Resolution Professional (IRP) appointed in the Admission Order dated 2024-01-12. The application seeks to appoint Shri T.V.S Siva Prasad as the Interim Resolution Professional.
The Financial Creditors of the Corporate Debtor filed an application (I.A.No.378/2024) under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016. The purpose of the application was to change the Interim Resolution Professional (IRP) who was initially appointed in the Admission Order dated 2024-01-12. The Financial Creditors proposed Shri T.V.S Siva Prasad, holding IBBI Registration No. IBBI/IPA-003/IP-P00406/2021-2022/14051, as the new IRP. The court heard the counsel for the Petitioner and subsequently allowed the application, replacing the existing IRP, Shri Nagaraj Emmadi, with Shri T.V.S Siva Prasad.
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Date of the Admission…
The court delivered the order allowing the…
The application, I.A.No.378/2024, was filed by the Financial Creditors of the Corporate Debtor under Section 60 (5) of the IBC, 2016, seeking to change the Interim Resolution Professional (IRP) appointed in the Admission Order dated 2024-01-12. The application seeks to appoint Shri T.V.S Siva Prasad as the Interim Resolution Professional.
The Financial Creditors of the Corporate Debtor filed an application (I.A.No.378/2024) under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016. The purpose of the application was to change the Interim Resolution Professional (IRP) who was initially appointed in the Admission Order dated 2024-01-12. The Financial Creditors proposed Shri T.V.S Siva Prasad, holding IBBI Registration No. IBBI/IPA-003/IP-P00406/2021-2022/14051, as the new IRP. The court heard the counsel for the Petitioner and subsequently allowed the application, replacing the existing IRP, Shri Nagaraj Emmadi, with Shri T.V.S Siva Prasad.
Date of the Admission…
The court delivered the order allowing the…