The case involves an application filed by Indian Overseas Bank under Section 22 of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the Interim Resolution Professional (IRP), Mr. Kuldeep Verma, with Mr. Sanjai Kumar Gupta as the Resolution Professional (RP) in the Corporate Insolvency Resolution Process (CIRP) of Stone India Limited. The CIRP was initiated against Stone India Limited based on a Company Petition filed by the Applicant, ICICI Bank Limited, which was admitted by the Adjudicating Authority on 09.11.2021.
ICICI Bank Limited is the Financial Creditor. Stone India Limited is the Corporate Debtor. Indian Overseas Bank filed an application under Section 22 of the Insolvency and Bankruptcy Code, 2016, to replace the Interim Resolution Professional (IRP) Mr. Kuldeep Verma with Mr. Sanjai Kumar Gupta as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against Stone India Limited vide order dated 09.11.2021. The Committee of Creditors (CoC) was duly constituted, and its first meeting was held on 07.12.2021. The CoC resolved to appoint Mr. Sanjai Kumar Gupta as the RP. Mr. Sanjai Kumar Gupta has the required registration and authorization. The underlying Company Petition bearing C.P. (IB) No. 565/KB/2020 was filed by the
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The case involves an application filed by Indian Overseas Bank under Section 22 of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the Interim Resolution Professional (IRP), Mr. Kuldeep Verma, with Mr. Sanjai Kumar Gupta as the Resolution Professional (RP) in the Corporate Insolvency Resolution Process (CIRP) of Stone India Limited. The CIRP was initiated against Stone India Limited based on a Company Petition filed by the Applicant, ICICI Bank Limited, which was admitted by the Adjudicating Authority on 09.11.2021.
ICICI Bank Limited is the Financial Creditor. Stone India Limited is the Corporate Debtor. Indian Overseas Bank filed an application under Section 22 of the Insolvency and Bankruptcy Code, 2016, to replace the Interim Resolution Professional (IRP) Mr. Kuldeep Verma with Mr. Sanjai Kumar Gupta as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against Stone India Limited vide order dated 09.11.2021. The Committee of Creditors (CoC) was duly constituted, and its first meeting was held on 07.12.2021. The CoC resolved to appoint Mr. Sanjai Kumar Gupta as the RP. Mr. Sanjai Kumar Gupta has the required registration and authorization. The underlying Company Petition bearing C.P. (IB) No. 565/KB/2020 was filed by the
…Corporate Insolvency…
The first meeting of…
Sign in to view related legal provisions.