Shree Sai Decorators, represented by sole proprietor Pramod Kumar, initiated a case against Shaila Hospitality Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The specific application, IA/3561/2024, sought the replacement of the Interim Resolution Professional (IRP) with a Resolution Professional (RP), Shri Uday Kumar Bhaskar Bhatt. The Committee of Creditors (CoC) had already granted approval for this replacement, and the written consent of the RP and authorization of assignment were presented to the court. The court considered these facts and the submissions of the learned counsel before making its decision.

Shree Sai Decorators, represented by sole proprietor Pramod Kumar, initiated a case against Shaila Hospitality Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The specific application, IA/3561/2024, sought the replacement of the Interim Resolution Professional (IRP) with a Resolution Professional (RP), Shri Uday Kumar Bhaskar Bhatt. The Committee of Creditors (CoC) had already granted approval for this replacement, and the written consent of the RP and authorization of assignment were presented to the court. The court considered these facts and the submissions of the learned counsel before making its decision.