Karur Vysya Bank is the applicant/petitioner in this case. Mr. Vaibhav Singhal is the respondent. The case is filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The application IA-1003/2023 seeks the replacement of the Resolution Professional (RP), Mr. Vishva Deep Sharma. Mr. Vishva Deep Sharma was appointed as RP on 2022-08-03 but allegedly did not discharge his duties/functions as mandated by law. Mr. Rohan Lal Jain Resolution Professional is appointed as the new RP. The Tribunal has directed that a copy of the order be sent to the IBBI to look into the conduct of the previous RP. The new RP is required to file his report within 14 days.

Karur Vysya Bank is the applicant/petitioner in this case. Mr. Vaibhav Singhal is the respondent. The case is filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The application IA-1003/2023 seeks the replacement of the Resolution Professional (RP), Mr. Vishva Deep Sharma. Mr. Vishva Deep Sharma was appointed as RP on 2022-08-03 but allegedly did not discharge his duties/functions as mandated by law. Mr. Rohan Lal Jain Resolution Professional is appointed as the new RP. The Tribunal has directed that a copy of the order be sent to the IBBI to look into the conduct of the previous RP. The new RP is required to file his report within 14 days.