The case involves an application for the replacement of the Interim Resolution Professional (IRP) of the Corporate Debtor under the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated against the Corporate Debtor on 09.02.2024, and Mr. Raghunath S. Bhandari was appointed as the IRP. The Committee of Creditors (CoC), consisting solely of HDFC Bank Limited, rejected the proposal to appoint the IRP as the Resolution Professional (RP). The CoC then filed an application to replace the IRP with Mr. Subhash Laxminarayan Nathuramka.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Whiskers Infracare Private Limited on 09.02.2024. Mr. Raghunath S. Bhandari was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) consists of a sole member, HDFC Bank Limited. The first meeting of the CoC was held on 04.04.2024, where the CoC rejected the proposal to appoint the IRP as the Resolution Professional (RP). The CoC proposed Mr. Subhash Laxminarayan Nathuramka as the new RP and filed an Interlocutory Application (IA 2824/2024) under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016, for the replacement of the IRP. Mr. Subhash Laxminarayan Nathuramka has given his written consent in “FORM AA” to act as the RP. The court also considered IA
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Corporate Insolvency…
Mr. Raghunath S.…
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The case involves an application for the replacement of the Interim Resolution Professional (IRP) of the Corporate Debtor under the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated against the Corporate Debtor on 09.02.2024, and Mr. Raghunath S. Bhandari was appointed as the IRP. The Committee of Creditors (CoC), consisting solely of HDFC Bank Limited, rejected the proposal to appoint the IRP as the Resolution Professional (RP). The CoC then filed an application to replace the IRP with Mr. Subhash Laxminarayan Nathuramka.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Whiskers Infracare Private Limited on 09.02.2024. Mr. Raghunath S. Bhandari was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) consists of a sole member, HDFC Bank Limited. The first meeting of the CoC was held on 04.04.2024, where the CoC rejected the proposal to appoint the IRP as the Resolution Professional (RP). The CoC proposed Mr. Subhash Laxminarayan Nathuramka as the new RP and filed an Interlocutory Application (IA 2824/2024) under Section 22(3)(b) of the Insolvency and Bankruptcy Code, 2016, for the replacement of the IRP. Mr. Subhash Laxminarayan Nathuramka has given his written consent in “FORM AA” to act as the RP. The court also considered IA
…Corporate Insolvency…
Mr. Raghunath S.…
Sign in to view related legal provisions.