The applicant called for a Stakeholders Consultation Committee (SSC) meeting on 16/06/2025.

Cosmos Co-Op Bank Ltd., a member of the SSC, proposed Mr. Umesh Chandra Sahoo as the successor to the applicant.

The SSC unanimously agreed to the appointment of Mr. Umesh Chandra Sahoo as Insolvency Professional.

Mr. Umesh Chandra Sahoo's consent to act as Liquidator is available on record.

The Tribunal considered the submission of the Liquidator and the decision of the stakeholder consultation committee.

The Tribunal found it appropriate to appoint Mr. Umesh Chandra Sahoo as Liquidator.

The Liquidator shall exercise the powers and perform duties as envisaged under Sections 35 to 50 and 52 to 54 of the Code read with the Liquidation Process Regulations.

The applicant called for a Stakeholders Consultation Committee (SSC) meeting on 16/06/2025.

Cosmos Co-Op Bank Ltd., a member of the SSC, proposed Mr. Umesh Chandra Sahoo as the successor to the applicant.

The SSC unanimously agreed to the appointment of Mr. Umesh Chandra Sahoo as Insolvency Professional.

Mr. Umesh Chandra Sahoo's consent to act as Liquidator is available on record.

The Tribunal considered the submission of the Liquidator and the decision of the stakeholder consultation committee.

The Tribunal found it appropriate to appoint Mr. Umesh Chandra Sahoo as Liquidator.

The Liquidator shall exercise the powers and perform duties as envisaged under Sections 35 to 50 and 52 to 54 of the Code read with the Liquidation Process Regulations.