The case involves an application (I.A. 4132/2024) for the appointment of Mr. Madan B. Vasihnawa as an Insolvency Resolution Professional (IRP). The application was moved by a financial creditor holding 64.42% of the voting share. The CoC proceedings revealed that while the applicant proposed Mr. Vasihnawa's name, other members of the CoC did not consent to the appointment.
A financial creditor with 64.42% voting share applied for the appointment of Mr. Madan B. Vasihnawa as an Insolvency Resolution Professional (IRP). The other members of the Committee of Creditors (CoC) did not accord their consent to the proposed appointment. The previously appointed RP had withdrawn due to the expiry of his registration. Mr. Ravinder Kumar Sharma, registered with IBBI, 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.
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Order delivere…
I.A. 3988/2024 adjourned to this date on the…
The case involves an application (I.A. 4132/2024) for the appointment of Mr. Madan B. Vasihnawa as an Insolvency Resolution Professional (IRP). The application was moved by a financial creditor holding 64.42% of the voting share. The CoC proceedings revealed that while the applicant proposed Mr. Vasihnawa's name, other members of the CoC did not consent to the appointment.
A financial creditor with 64.42% voting share applied for the appointment of Mr. Madan B. Vasihnawa as an Insolvency Resolution Professional (IRP). The other members of the Committee of Creditors (CoC) did not accord their consent to the proposed appointment. The previously appointed RP had withdrawn due to the expiry of his registration. Mr. Ravinder Kumar Sharma, registered with IBBI, 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.
Order delivere…
I.A. 3988/2024 adjourned to this date on the…