Cushman & Wakefield India Pvt Ltd filed an application related to the liquidation of Sharan Hospitality Pvt Ltd. An order was issued on 22.11.2023 in IA No. 1290/2023, directing the liquidation of the Corporate Debtor. The applicant sought the replacement of the liquidator, Mr. Amit Chandrasekhar Poddar. The applicant is a secured financial creditor and the sole member of the CoC. The applicant insisted on the appointment of the erstwhile Resolution Professional as the Liquidator. The IBBI issued an advisory suggesting that the Resolution Professional should not continue as the liquidator. The proposed Insolvency Professional did not have a valid AFA.

Cushman & Wakefield India Pvt Ltd filed an application related to the liquidation of Sharan Hospitality Pvt Ltd. An order was issued on 22.11.2023 in IA No. 1290/2023, directing the liquidation of the Corporate Debtor. The applicant sought the replacement of the liquidator, Mr. Amit Chandrasekhar Poddar. The applicant is a secured financial creditor and the sole member of the CoC. The applicant insisted on the appointment of the erstwhile Resolution Professional as the Liquidator. The IBBI issued an advisory suggesting that the Resolution Professional should not continue as the liquidator. The proposed Insolvency Professional did not have a valid AFA.