The Interlocutory Application IA 2317 of 2022 was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking modification/correction of the Admission Order dated 2022-07-26 and replacement of Mr. Hemendra Paliwal as the Interim Resolution Professional (IRP).
An Interlocutory Application (IA 2317 of 2022) was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application sought modification/correction of the admission order dated 2022-07-26 and the replacement of the existing Interim Resolution Professional (IRP), Mr. Hemendra Paliwal. The initial IRP, Mr. Hemendra Paliwal, had previously consented to the role when the Section 7 petition was filed but later withdrew his consent. After reviewing the submissions from the applicant's counsel, the bench determined it appropriate to grant the Interlocutory Application. Consequently, Mr. Devang Subodh Thakar was appointed as the new IRP, replacing Mr. Hemendra Paliwal, who is now required to transfer all relevant documents to the newly appointed IRP. The
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The Interlocutory Application IA 2317 of 2022 was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking modification/correction of the Admission Order dated 2022-07-26 and replacement of Mr. Hemendra Paliwal as the Interim Resolution Professional (IRP).
An Interlocutory Application (IA 2317 of 2022) was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application sought modification/correction of the admission order dated 2022-07-26 and the replacement of the existing Interim Resolution Professional (IRP), Mr. Hemendra Paliwal. The initial IRP, Mr. Hemendra Paliwal, had previously consented to the role when the Section 7 petition was filed but later withdrew his consent. After reviewing the submissions from the applicant's counsel, the bench determined it appropriate to grant the Interlocutory Application. Consequently, Mr. Devang Subodh Thakar was appointed as the new IRP, replacing Mr. Hemendra Paliwal, who is now required to transfer all relevant documents to the newly appointed IRP. The
…Date of the Admission…
Date of the hearing of…