The case involves an application (IA No.357/ALD/2020) filed in CP (IB) No.76/ALD/2019 by the members of the Committee of Creditors (CoC) of Sparkspell Homes Private Limited seeking the replacement of the current Resolution Professional (RP). The Corporate Debtor was admitted into CIRP on 2019-08-28, and Mr. Mohit Maheshwari was appointed as the initial IRP, later replaced by Mr. Sudhir Shukla. The CoC filed the application for replacement of the RP, alleging that the RP was not performing his duties, withholding information, and acting in a biased manner. The CoC also accused the RP of not considering their request to convene a meeting for passing a resolution for liquidation of the Corporate Debtor as the CIRP period was expiring. The RP, on the other hand, alleged
…The members of the Committee of Creditors (CoC) of Sparkspell Homes Private Limited filed an application seeking the replacement of the current Resolution Professional (RP). The Corporate Debtor, Sparkspell Homes Private Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-08-28. Initially, Mr. Mohit Maheshwari was appointed as the Interim Resolution Professional (IRP), who was later replaced by Mr. Sudhir Shukla as RP. The CoC alleged that the RP was not performing his duties, withholding information, and acting in a biased manner. They also claimed that the RP did not consider their request to convene a meeting for passing a resolution for liquidation, as the CIRP period was nearing its end. The RP, Mr. Anuj Kumar Tiwari, conducted the
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Corporate Debtor…
Mr. Mohit Maheshwari…
The case involves an application (IA No.357/ALD/2020) filed in CP (IB) No.76/ALD/2019 by the members of the Committee of Creditors (CoC) of Sparkspell Homes Private Limited seeking the replacement of the current Resolution Professional (RP). The Corporate Debtor was admitted into CIRP on 2019-08-28, and Mr. Mohit Maheshwari was appointed as the initial IRP, later replaced by Mr. Sudhir Shukla. The CoC filed the application for replacement of the RP, alleging that the RP was not performing his duties, withholding information, and acting in a biased manner. The CoC also accused the RP of not considering their request to convene a meeting for passing a resolution for liquidation of the Corporate Debtor as the CIRP period was expiring. The RP, on the other hand, alleged
…The members of the Committee of Creditors (CoC) of Sparkspell Homes Private Limited filed an application seeking the replacement of the current Resolution Professional (RP). The Corporate Debtor, Sparkspell Homes Private Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-08-28. Initially, Mr. Mohit Maheshwari was appointed as the Interim Resolution Professional (IRP), who was later replaced by Mr. Sudhir Shukla as RP. The CoC alleged that the RP was not performing his duties, withholding information, and acting in a biased manner. They also claimed that the RP did not consider their request to convene a meeting for passing a resolution for liquidation, as the CIRP period was nearing its end. The RP, Mr. Anuj Kumar Tiwari, conducted the
…Corporate Debtor…
Mr. Mohit Maheshwari…