The State Bank of India, holding a 90.49% voting share in the Committee of Creditors (CoC), filed IA/2303/2025 for the replacement of the Liquidator, citing a lack of substantial progress in the liquidation process and the current liquidator's suspension.
State Bank of India filed IA/2303/2025 for the replacement of the liquidator.
State Bank of India holds 90.49% voting share in the CoC.
The current liquidator, Naren Sheth, is under suspension.
Naren Sheth has no objection to the proposed replacement.
Mukesh Khaturia is appointed as the new liquidator.
IA/544/2024 and IA/4609/2024 involve the liquidator as the Respondent and Applicant, respectively.
Counsels are directed to amend the Cause Title in IA/544/2024 and IA/4609/2024.
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Order delivered on the…
IA/544/2024 and…
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The State Bank of India, holding a 90.49% voting share in the Committee of Creditors (CoC), filed IA/2303/2025 for the replacement of the Liquidator, citing a lack of substantial progress in the liquidation process and the current liquidator's suspension.
State Bank of India filed IA/2303/2025 for the replacement of the liquidator.
State Bank of India holds 90.49% voting share in the CoC.
The current liquidator, Naren Sheth, is under suspension.
Naren Sheth has no objection to the proposed replacement.
Mukesh Khaturia is appointed as the new liquidator.
IA/544/2024 and IA/4609/2024 involve the liquidator as the Respondent and Applicant, respectively.
Counsels are directed to amend the Cause Title in IA/544/2024 and IA/4609/2024.
Order delivered on the…
IA/544/2024 and…
Sign in to view related legal provisions.