The case involves an application (IA No.357/ALD/2020) within a corporate insolvency resolution process (CIRP) under CP (IB) No.76/ALD/2019. The Committee of Creditors (CoC) of Sparkspell Homes Private Limited sought the replacement of the existing 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 on 2019-10-23. The CoC filed an application for replacement of the RP, alleging that the RP was not performing his duties, withheld information, and acted in a biased manner. The CoC also requested the RP to convene a meeting to consider liquidation of the Corporate Debtor as the CIRP period was expiring.
The Corporate Debtor, Sparkspell Homes Private Limited, was admitted into CIRP on 2019-08-28. Mr. Mohit Maheshwari was initially appointed as the IRP, and later replaced by Mr. Sudhir Shukla on 2019-10-23. The Committee of Creditors (CoC) filed an application seeking the replacement of the current Resolution Professional (RP), Mr. Anuj Kumar Tiwari. The CoC alleged that the RP was not performing his duties, withheld information, and acted in a biased manner. The CoC also requested the RP to convene a meeting to consider liquidation of the Corporate Debtor as the CIRP period was expiring on 2020-12-21. The RP conducted the 8th CoC meeting on 2020-10-29. The CoC claimed the RP failed to record proceedings of the 9th CoC meeting and circulated minutes lacking key aspects.
…Sign in to view the parties.
Sparkspell Homes…
Mr. Mohit Maheshwari…
The case involves an application (IA No.357/ALD/2020) within a corporate insolvency resolution process (CIRP) under CP (IB) No.76/ALD/2019. The Committee of Creditors (CoC) of Sparkspell Homes Private Limited sought the replacement of the existing 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 on 2019-10-23. The CoC filed an application for replacement of the RP, alleging that the RP was not performing his duties, withheld information, and acted in a biased manner. The CoC also requested the RP to convene a meeting to consider liquidation of the Corporate Debtor as the CIRP period was expiring.
The Corporate Debtor, Sparkspell Homes Private Limited, was admitted into CIRP on 2019-08-28. Mr. Mohit Maheshwari was initially appointed as the IRP, and later replaced by Mr. Sudhir Shukla on 2019-10-23. The Committee of Creditors (CoC) filed an application seeking the replacement of the current Resolution Professional (RP), Mr. Anuj Kumar Tiwari. The CoC alleged that the RP was not performing his duties, withheld information, and acted in a biased manner. The CoC also requested the RP to convene a meeting to consider liquidation of the Corporate Debtor as the CIRP period was expiring on 2020-12-21. The RP conducted the 8th CoC meeting on 2020-10-29. The CoC claimed the RP failed to record proceedings of the 9th CoC meeting and circulated minutes lacking key aspects.
…Sparkspell Homes…
Mr. Mohit Maheshwari…