Sapna Cars Private Limited is the corporate debtor in the matter. Padam Motors Private Limited is the respondent-corporate debtor. An application was filed under Section 33(2) of the IB Code, 2016, wherein the liquidator submitted his written consent to act as Liquidator. Another application was filed under Section 31 (A) (11) of IBBI (Liquidation Process) Regulation 2016 for replacement of liquidator Mr. Somnath Gupta with Mr. Ankur Tayal. The 2nd SCC meeting by majority decided to replace the existing Liquidator. The learned counsel for the Liquidator is present at the time of hearing of the matter and endorse no objection for the same. The Adjudicating Authority confirms the replacement of Mr. Somnath Gupta with Mr. Ankur Tayal.

Sapna Cars Private Limited is the corporate debtor in the matter. Padam Motors Private Limited is the respondent-corporate debtor. An application was filed under Section 33(2) of the IB Code, 2016, wherein the liquidator submitted his written consent to act as Liquidator. Another application was filed under Section 31 (A) (11) of IBBI (Liquidation Process) Regulation 2016 for replacement of liquidator Mr. Somnath Gupta with Mr. Ankur Tayal. The 2nd SCC meeting by majority decided to replace the existing Liquidator. The learned counsel for the Liquidator is present at the time of hearing of the matter and endorse no objection for the same. The Adjudicating Authority confirms the replacement of Mr. Somnath Gupta with Mr. Ankur Tayal.