Canara Bank, as a Financial Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against Riverbank Developers Private Limited, the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Adjudicating Authority admitted the Corporate Debtor into CIRP on April 03, 2024, subsequently appointing Mr. Sachin Gopal Jathar as the Interim Resolution Professional, who was later replaced by Mr. Ashish Chhawchharia as the Resolution Professional (RP). Mr. Abhijit Ghosh, representing 243 homebuyers of the 'HILAND GREENS' – PHASE – II project, filed an application (I.A. (IB) No. 2451/KB/2024) under Section 60(5) of the I&B Code against Mr. Ashish Chhawchharia, the RP. The application sought various reliefs, including directions to the

Canara Bank, as a Financial Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against Riverbank Developers Private Limited, the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Adjudicating Authority admitted the Corporate Debtor into CIRP on April 03, 2024, subsequently appointing Mr. Sachin Gopal Jathar as the Interim Resolution Professional, who was later replaced by Mr. Ashish Chhawchharia as the Resolution Professional (RP). Mr. Abhijit Ghosh, representing 243 homebuyers of the 'HILAND GREENS' – PHASE – II project, filed an application (I.A. (IB) No. 2451/KB/2024) under Section 60(5) of the I&B Code against Mr. Ashish Chhawchharia, the RP. The application sought various reliefs, including directions to the