The case involves an application (IA No. 891 of 2023) filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Punjab National Bank seeking the appointment of Mr. Prem Chand Goyal as the Resolution Professional (RP) in place of the Interim Resolution Professional (IRP), Mr. Akhil Ahuja, for the Corporate Insolvency Resolution Process (CIRP) of M/s. Ram Lal Aneja Food Pvt. Ltd. The CIRP was initiated based on an application under Section 9 of the IBC filed by an operational creditor, Mr. Aman Bajaj, Proprietor of M/s. Jagir Chand Sham Sunder.
1. An application under Section 9 of the IBC was filed by Mr. Aman Bajaj, Proprietor of M/s. Jagir Chand Sham Sunder, against M/s. Ram Lal Aneja Food Pvt. Ltd., leading to the initiation of CIRP.
2. Mr. Akhil Ahuja was initially appointed as the Interim Resolution Professional (IRP).
3. Punjab National Bank, the applicant, filed IA No. 891 of 2023 seeking the replacement of the IRP with Mr. Prem Chand Goyal.
4. The CoC approved the appointment of Mr. Prem Chand Goyal in its third meeting dated 24.03.2023, and reaffirmed this decision in its fifth meeting held on 07.06.2023.
5. The respondent-IRP, Mr. Akhil Ahuja, raised objections regarding the voting process, arguing that it should have been conducted through ballot paper.
6. Punjab National Bank is the sole member of the
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The case involves an application (IA No. 891 of 2023) filed under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Punjab National Bank seeking the appointment of Mr. Prem Chand Goyal as the Resolution Professional (RP) in place of the Interim Resolution Professional (IRP), Mr. Akhil Ahuja, for the Corporate Insolvency Resolution Process (CIRP) of M/s. Ram Lal Aneja Food Pvt. Ltd. The CIRP was initiated based on an application under Section 9 of the IBC filed by an operational creditor, Mr. Aman Bajaj, Proprietor of M/s. Jagir Chand Sham Sunder.
1. An application under Section 9 of the IBC was filed by Mr. Aman Bajaj, Proprietor of M/s. Jagir Chand Sham Sunder, against M/s. Ram Lal Aneja Food Pvt. Ltd., leading to the initiation of CIRP.
2. Mr. Akhil Ahuja was initially appointed as the Interim Resolution Professional (IRP).
3. Punjab National Bank, the applicant, filed IA No. 891 of 2023 seeking the replacement of the IRP with Mr. Prem Chand Goyal.
4. The CoC approved the appointment of Mr. Prem Chand Goyal in its third meeting dated 24.03.2023, and reaffirmed this decision in its fifth meeting held on 07.06.2023.
5. The respondent-IRP, Mr. Akhil Ahuja, raised objections regarding the voting process, arguing that it should have been conducted through ballot paper.
6. Punjab National Bank is the sole member of the
Corporate Ins…
Order admitting the…
Sign in to view related legal provisions.