The financial creditor, holding 64.42% of the voting share, filed an application (I.A. 4132/2024) to appoint Mr. Madan B. Vasihnawa as the Insolvency Resolution Professional (IRP). However, the other members of the Committee of Creditors (CoC) did not accord their consent to this appointment. The previously appointed Resolution Professional (RP) had withdrawn due to the expiry of his registration. Mr. Ravinder Kumar Sharma, holding IBBI Registration No. IBBI/IPA-003/N-00331/2021-2022/13598, was appointed as RP. Another application, I.A. 3988/2024, was adjourned to 2024-10-15 at the request of the learned counsel for the applicant.

The financial creditor, holding 64.42% of the voting share, filed an application (I.A. 4132/2024) to appoint Mr. Madan B. Vasihnawa as the Insolvency Resolution Professional (IRP). However, the other members of the Committee of Creditors (CoC) did not accord their consent to this appointment. The previously appointed Resolution Professional (RP) had withdrawn due to the expiry of his registration. Mr. Ravinder Kumar Sharma, holding IBBI Registration No. IBBI/IPA-003/N-00331/2021-2022/13598, was appointed as RP. Another application, I.A. 3988/2024, was adjourned to 2024-10-15 at the request of the learned counsel for the applicant.