# In the matter of Tenny Jose Ltd. IA(IBC)-24-KOB-2022 in CP(IBC)-25-KOB-2021

> NCLT judgment dated 2022-02-09. Citation: TCN-2022-NCLT-04207. The document pertains to an order regarding IA(IBC)/24/KOB/2022 filed under Section 22(3)(b) of…

- **Court:** NCLT
- **Order date:** 9 Feb 2022
- **Citation:** TCN-2022-NCLT-04207
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/tenny-jose-ltd-iaibc-24-kob-2022-in-cpibc-25-kob-2021-ab66c579

## Summary

### Background

The document pertains to an order regarding IA(IBC)/24/KOB/2022 filed under Section 22(3)(b) of the IBC, 2016. The Committee of Creditors has filed the IA seeking to replace the Interim Resolution Professional (IRP) Shri Krishna Raj M with Shri Prathap Pillai Advocate as the Resolution Professional for the Corporate Debtor.

## Facts

The Committee of Creditors filed IA(IBC)/24/KOB/2022 under Section 22(3)(b) of the IBC, 2016, seeking to replace the IRP Shri Krishna Raj M with Shri Prathap Pillai Advocate as the Resolution Professional of the Corporate Debtor. Shri Sunil Shankar, the learned counsel for the Committee of Creditors, and Shri Krishna Raj, the IRP, appeared through video conference. Shri Krishna Raj has been directed to clarify his unwillingness to continue as RP in the CIR process by submitting a memo within two weeks. The case is listed for hearing on 01.03.2022.

## Issues and analysis

### Issue 1: Whether the Interim Resolution Professional (IRP) Shri Krishna Raj M should be replaced by Shri …

**Ratio:** Section 22(3)(b) of the IBC, 2016 allows the Committee of Creditors to replace the IRP

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**Reasoning:** The court is seeking clarification from the IRP regarding his unwillingness to continue

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**Interpretation:** Section 22(3)(b) provides the legal basis for the Committee of Creditors to

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**Application:** The Committee of Creditors has invoked Section 22(3)(b) to request the

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## Parties

- **Judges:** Ashok Kumar…; Anil Ku…
- **Appellants:** Committee of…
- **Respondents:** TENNY JOS…

## Timeline

- **2022-02-09 — Hearing…**: Hearing held on 9th…
- **2022-03-01 — Next Hearin…**: Case listed for hearing…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 22(3) — Appointment of resolution professional](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-22)

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