The application IA/498(CHE)2021 in the matter of IBA/377/2020 was filed seeking the appointment of Mr. Radhakrishnan Dharmarajan as Resolution Professional, replacing the existing Interim Resolution Professional (IRP), Mr. Mathur Sabapathy Viswanathan. The Committee of Creditors (CoC) had passed a resolution in its meeting held on 29.04.2021 to replace Mr. Mathur Sabapathi Viswanathan with Mr. Radhakrishnan Dharmarajan as the Resolution Professional, with 100% voting rights. The CoC authorized the IRP to file an application to the Adjudicating Authority for the replacement of the IRP and appointment of the new Resolution Professional.
State Bank of India initiated insolvency proceedings against Nexus Electro Steel Ltd. An Interim Resolution Professional (IRP), Mr. Mathur Sabapathy Viswanathan, was appointed. Subsequently, the Committee of Creditors (CoC) resolved to replace Mr. Mathur Sabapathy Viswanathan with Mr. Radhakrishnan Dharmarajan as the Resolution Professional, as per the minutes of the CoC meeting held on 29.04.2021. This resolution was passed with 100% voting rights. The IRP was authorized to file an application with the Adjudicating Authority for the replacement. The application IA/498(CHE)2021 was filed to effect this change.
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The application IA/498(CHE)2021 in the matter of IBA/377/2020 was filed seeking the appointment of Mr. Radhakrishnan Dharmarajan as Resolution Professional, replacing the existing Interim Resolution Professional (IRP), Mr. Mathur Sabapathy Viswanathan. The Committee of Creditors (CoC) had passed a resolution in its meeting held on 29.04.2021 to replace Mr. Mathur Sabapathi Viswanathan with Mr. Radhakrishnan Dharmarajan as the Resolution Professional, with 100% voting rights. The CoC authorized the IRP to file an application to the Adjudicating Authority for the replacement of the IRP and appointment of the new Resolution Professional.
State Bank of India initiated insolvency proceedings against Nexus Electro Steel Ltd. An Interim Resolution Professional (IRP), Mr. Mathur Sabapathy Viswanathan, was appointed. Subsequently, the Committee of Creditors (CoC) resolved to replace Mr. Mathur Sabapathy Viswanathan with Mr. Radhakrishnan Dharmarajan as the Resolution Professional, as per the minutes of the CoC meeting held on 29.04.2021. This resolution was passed with 100% voting rights. The IRP was authorized to file an application with the Adjudicating Authority for the replacement. The application IA/498(CHE)2021 was filed to effect this change.
The Committee of Creditors passed a…
The National Company Law Tribunal (NCLT) heard…
Sign in to view related legal provisions.