The case pertains to an application filed under the Insolvency and Bankruptcy Code (IBC). The specific details of the initial insolvency proceedings are not elaborated in this excerpt, but it involves State Bank of India as the applicant and Shree Padmawati Metaliks Private Limited as the corporate debtor.
State Bank of India initiated insolvency proceedings against Shree Padmawati Metaliks Private Limited under Section 7 of the IBC. An application, IA(I.B.C)/2426(KB)2024, was filed seeking the replacement of the Interim Resolution Professional (IRP), Mr. Avishek Gupta, with Mr. Vijender Sharma, who possesses the required IBBI registration. The court heard the Ld. Counsel and found merit in the application, leading to its approval.
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Order sheet…
The case pertains to an application filed under the Insolvency and Bankruptcy Code (IBC). The specific details of the initial insolvency proceedings are not elaborated in this excerpt, but it involves State Bank of India as the applicant and Shree Padmawati Metaliks Private Limited as the corporate debtor.
State Bank of India initiated insolvency proceedings against Shree Padmawati Metaliks Private Limited under Section 7 of the IBC. An application, IA(I.B.C)/2426(KB)2024, was filed seeking the replacement of the Interim Resolution Professional (IRP), Mr. Avishek Gupta, with Mr. Vijender Sharma, who possesses the required IBBI registration. The court heard the Ld. Counsel and found merit in the application, leading to its approval.
Order sheet…