The case involves multiple Interlocutory Applications (IAs) filed by financial creditors seeking the removal of the existing Resolution Professional (RP), Mr. Srigopal Choudhary, of the Corporate Debtor, Shree Ram Urban Infrastructure Limited, which was undergoing Corporate Insolvency Resolution Process (CIRP) initiated on 2019-11-06. The IAs were filed by SREI Equipment Finance Limited, IIRF India Realty XII Ltd. & Anr., and Indiabulls Housing Finance Ltd. The NCLT initially disposed of the IAs and directed the applicants to mutually decide on a new RP. Subsequently, Mr. Sapan Mohan Garg was appointed as the RP. However, SREI Equipment Finance Ltd. filed an IA seeking rectification of the order, and the NCLT partly allowed the application. Appeals were then filed
…The Corporate Debtor, Shree Ram Urban Infrastructure Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-11-06. Mr. Srigopal Choudhary was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, three Interlocutory Applications (IAs) were filed by SREI Equipment Finance Limited, IIRF India Realty XII Ltd. & Anr., and Indiabulls Housing Finance Ltd., seeking the removal of Mr. Srigopal Choudhary as RP and the appointment of a new RP. On 2022-11-24, the IAs were heard, and the matter was reserved for orders. On 2022-11-28, the NCLT disposed of the IAs and directed the counsels for the three applicants to mutually decide on a new RP. A joint memo was filed by SREI
…Sign in to view the parties.
Corporate Debtor, ‘Shree Ram Urban…
Mr. SriGopal Choudhary was appointed as…
The case involves multiple Interlocutory Applications (IAs) filed by financial creditors seeking the removal of the existing Resolution Professional (RP), Mr. Srigopal Choudhary, of the Corporate Debtor, Shree Ram Urban Infrastructure Limited, which was undergoing Corporate Insolvency Resolution Process (CIRP) initiated on 2019-11-06. The IAs were filed by SREI Equipment Finance Limited, IIRF India Realty XII Ltd. & Anr., and Indiabulls Housing Finance Ltd. The NCLT initially disposed of the IAs and directed the applicants to mutually decide on a new RP. Subsequently, Mr. Sapan Mohan Garg was appointed as the RP. However, SREI Equipment Finance Ltd. filed an IA seeking rectification of the order, and the NCLT partly allowed the application. Appeals were then filed
…The Corporate Debtor, Shree Ram Urban Infrastructure Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-11-06. Mr. Srigopal Choudhary was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, three Interlocutory Applications (IAs) were filed by SREI Equipment Finance Limited, IIRF India Realty XII Ltd. & Anr., and Indiabulls Housing Finance Ltd., seeking the removal of Mr. Srigopal Choudhary as RP and the appointment of a new RP. On 2022-11-24, the IAs were heard, and the matter was reserved for orders. On 2022-11-28, the NCLT disposed of the IAs and directed the counsels for the three applicants to mutually decide on a new RP. A joint memo was filed by SREI
…Corporate Debtor, ‘Shree Ram Urban…
Mr. SriGopal Choudhary was appointed as…