State Bank of India (SBI) initiated proceedings under the IB Code, 2016. Mr. Sanjay Gupta was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed. The CoC decided to replace Mr. Sanjay Gupta with Mr. Kapil Dev Taneja. SBI, as an authorized entity by the CoC, filed an application for the replacement of the IRP. The application was filed under Section 20(3)(b) of the IB Code, 2016. The CoC meeting was held on 03.03.2022. The initial appointment of Mr. Sanjay Gupta was made on 23.12.2021. The registration number of Mr. Kapil Dev Taneja is IBBI/IAP-003/IP-N00069/2017-18/10547. The fees and expenses of the previous IRP were to be cleared within five days.

State Bank of India (SBI) initiated proceedings under the IB Code, 2016. Mr. Sanjay Gupta was initially appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed. The CoC decided to replace Mr. Sanjay Gupta with Mr. Kapil Dev Taneja. SBI, as an authorized entity by the CoC, filed an application for the replacement of the IRP. The application was filed under Section 20(3)(b) of the IB Code, 2016. The CoC meeting was held on 03.03.2022. The initial appointment of Mr. Sanjay Gupta was made on 23.12.2021. The registration number of Mr. Kapil Dev Taneja is IBBI/IAP-003/IP-N00069/2017-18/10547. The fees and expenses of the previous IRP were to be cleared within five days.