The application was filed in the National Company Law Tribunal, New Delhi Bench-IV, under Section 22(3)(B) of the Insolvency & Bankruptcy Code, 2016. The case involves Remotebullion And Jewels Private Limited as the Financial Creditor and MHG Land Stocklist Private Limited as the Corporate Debtor. DCG & Co. is the Applicant/CoC, and Anurag Nirbhaya is the Respondent/IRP.
Remotebullion And Jewels Private Limited is the Financial Creditor, and MHG Land Stocklist Private Limited is the Corporate Debtor. Anurag Nirbhaya was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC), represented by DCG & Co., proposed Prabhjit Singh Soni as the Resolution Professional, with a 100% vote in favor. The application was filed under Section 22(3)(B) of the Insolvency & Bankruptcy Code, 2016. The CoC requested the appointment of Prabhjit Singh Soni as the Resolution Professional, replacing the existing IRP. The key fact is the unanimous decision of the CoC to appoint a new Resolution Professional, which led to the court's order.
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Order delivered appointing Mr. Prabhjit…
The application was filed in the National Company Law Tribunal, New Delhi Bench-IV, under Section 22(3)(B) of the Insolvency & Bankruptcy Code, 2016. The case involves Remotebullion And Jewels Private Limited as the Financial Creditor and MHG Land Stocklist Private Limited as the Corporate Debtor. DCG & Co. is the Applicant/CoC, and Anurag Nirbhaya is the Respondent/IRP.
Remotebullion And Jewels Private Limited is the Financial Creditor, and MHG Land Stocklist Private Limited is the Corporate Debtor. Anurag Nirbhaya was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC), represented by DCG & Co., proposed Prabhjit Singh Soni as the Resolution Professional, with a 100% vote in favor. The application was filed under Section 22(3)(B) of the Insolvency & Bankruptcy Code, 2016. The CoC requested the appointment of Prabhjit Singh Soni as the Resolution Professional, replacing the existing IRP. The key fact is the unanimous decision of the CoC to appoint a new Resolution Professional, which led to the court's order.
Order delivered appointing Mr. Prabhjit…