The case involves an Interlocutory Application filed by Pratiti Trading Private Limited seeking the replacement of the Interim Resolution Professional (IRP) of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 27.06.2022, and Mr. Debi Prasanna Sarangi was appointed as the IRP. He filed a report certifying the constitution of the Committee of Creditors (CoC) on 14.12.2024. The first meeting of the CoC was held on 20.12.2024, during which the IRP expressed difficulties in continuing with the assignment and requested to be relieved from his duties.
The Corporate Insolvency Resolution Process (CIRP) was initiated against a Corporate Debtor on 27.06.2022. Mr. Debi Prasanna Sarangi was appointed as the Interim Resolution Professional (IRP). Mr. Sarangi certified the constitution of the Committee of Creditors (CoC) on 14.12.2024. The first CoC meeting was held on 20.12.2024, where Mr. Sarangi expressed difficulties in continuing as IRP. The CoC unanimously resolved to appoint Mr. Sandeep Jayant Kulkarni as the Resolution Professional (RP). Mr. Kulkarni provided his written consent. Pratiti Trading Private Limited filed an Interlocutory Application seeking the replacement of the IRP. The application was filed under Section 22 of the Insolvency and Bankruptcy Code, 2016. The key fact is that the IRP wanted to be
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The Corporate…
Mr. Debi Prasanna…
The case involves an Interlocutory Application filed by Pratiti Trading Private Limited seeking the replacement of the Interim Resolution Professional (IRP) of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 27.06.2022, and Mr. Debi Prasanna Sarangi was appointed as the IRP. He filed a report certifying the constitution of the Committee of Creditors (CoC) on 14.12.2024. The first meeting of the CoC was held on 20.12.2024, during which the IRP expressed difficulties in continuing with the assignment and requested to be relieved from his duties.
The Corporate Insolvency Resolution Process (CIRP) was initiated against a Corporate Debtor on 27.06.2022. Mr. Debi Prasanna Sarangi was appointed as the Interim Resolution Professional (IRP). Mr. Sarangi certified the constitution of the Committee of Creditors (CoC) on 14.12.2024. The first CoC meeting was held on 20.12.2024, where Mr. Sarangi expressed difficulties in continuing as IRP. The CoC unanimously resolved to appoint Mr. Sandeep Jayant Kulkarni as the Resolution Professional (RP). Mr. Kulkarni provided his written consent. Pratiti Trading Private Limited filed an Interlocutory Application seeking the replacement of the IRP. The application was filed under Section 22 of the Insolvency and Bankruptcy Code, 2016. The key fact is that the IRP wanted to be
…The Corporate…
Mr. Debi Prasanna…