The case involves an application filed by Mr. Rajiv Kumar, representing 212 homebuyers, seeking the replacement of the existing Resolution Professional (RP), Mr. Arunava Sikdar, with Mr. Sunil Kumar Agrawal, under Section 27 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor, Ms. Priyanshi Arora, had previously filed an application under Section 7 of the IBC against the Corporate Debtor, M/s. Dream Procon Private Limited, which was admitted, and a moratorium was declared. Mr. Manish Gupta was appointed as the Interim Resolution Professional (IRP).
Mr. Rajiv Kumar, representing 212 homebuyers, filed an application seeking the replacement of the existing Resolution Professional (RP), Mr. Arunava Sikdar.
Ms. Priyanshi Arora, a Financial Creditor, had previously initiated insolvency proceedings against M/s. Dream Procon Private Limited, the Corporate Debtor.
The application under Section 7 filed by Ms. Priyanshi Arora was admitted, and a moratorium was declared.
Mr. Manish Gupta was initially appointed as the Interim Resolution Professional (IRP).
The applicants claimed to have more than 40% voting share in the CoC and requested the RP to place the resolution for his replacement before the CoC.
The Resolution Professional (RP) did not place the proposed resolution before the CoC for voting.
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The IRP convened the Second Meeting of the CoC…
This Adjudicating Authority vide Order dated…
The case involves an application filed by Mr. Rajiv Kumar, representing 212 homebuyers, seeking the replacement of the existing Resolution Professional (RP), Mr. Arunava Sikdar, with Mr. Sunil Kumar Agrawal, under Section 27 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor, Ms. Priyanshi Arora, had previously filed an application under Section 7 of the IBC against the Corporate Debtor, M/s. Dream Procon Private Limited, which was admitted, and a moratorium was declared. Mr. Manish Gupta was appointed as the Interim Resolution Professional (IRP).
Mr. Rajiv Kumar, representing 212 homebuyers, filed an application seeking the replacement of the existing Resolution Professional (RP), Mr. Arunava Sikdar.
Ms. Priyanshi Arora, a Financial Creditor, had previously initiated insolvency proceedings against M/s. Dream Procon Private Limited, the Corporate Debtor.
The application under Section 7 filed by Ms. Priyanshi Arora was admitted, and a moratorium was declared.
Mr. Manish Gupta was initially appointed as the Interim Resolution Professional (IRP).
The applicants claimed to have more than 40% voting share in the CoC and requested the RP to place the resolution for his replacement before the CoC.
The Resolution Professional (RP) did not place the proposed resolution before the CoC for voting.
…The IRP convened the Second Meeting of the CoC…
This Adjudicating Authority vide Order dated…