Dena Bank (now Bank of Baroda) filed an application under Section 60(5) r.w. Rule 11 of NCLT Rules, 2016, seeking permission to discharge the present IRP Mr. Samir Kumar Bhattacharyya from his duties as the IRP of Hind Syntex Ltd. and to appoint newly proposed IRP Mr. Ram Ratan Modi to act as an IRP of the Corporate Debtor in TP 48 of 2019 [CP(IB) 305 of 2019].
Dena Bank (now known as Bank of Baroda) filed an application to discharge Mr. Samir Kumar Bhattacharyya, the existing Interim Resolution Professional (IRP) of Hind Syntex Ltd. The bank also sought to appoint Mr. Ram Ratan Modi as the new IRP for the Corporate Debtor in TP 48 of 2019 [CP(IB) 305 of 2019]. The application was filed under Section 60(5) r.w. Rule 11 of NCLT Rules, 2016. The key fact is the bank's request to change the IRP, which is crucial for the ongoing insolvency resolution process of Hind Syntex Ltd.
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The order was delivered…
Dena Bank (now Bank of Baroda) filed an application under Section 60(5) r.w. Rule 11 of NCLT Rules, 2016, seeking permission to discharge the present IRP Mr. Samir Kumar Bhattacharyya from his duties as the IRP of Hind Syntex Ltd. and to appoint newly proposed IRP Mr. Ram Ratan Modi to act as an IRP of the Corporate Debtor in TP 48 of 2019 [CP(IB) 305 of 2019].
Dena Bank (now known as Bank of Baroda) filed an application to discharge Mr. Samir Kumar Bhattacharyya, the existing Interim Resolution Professional (IRP) of Hind Syntex Ltd. The bank also sought to appoint Mr. Ram Ratan Modi as the new IRP for the Corporate Debtor in TP 48 of 2019 [CP(IB) 305 of 2019]. The application was filed under Section 60(5) r.w. Rule 11 of NCLT Rules, 2016. The key fact is the bank's request to change the IRP, which is crucial for the ongoing insolvency resolution process of Hind Syntex Ltd.
The order was delivered…