The case involves an application regarding the replacement of a liquidator. The initial liquidator, Mr. Kuldeep Verma, was facing suspension and expressed reluctance to continue the assignment on moral grounds.
Mr. Kuldeep Verma, the initial liquidator, was facing suspension.
Mr. Kuldeep Verma expressed reluctance to continue as liquidator on moral grounds.
State Bank of India and Canara Bank, as secured creditors, suggested an IP from the IBBI panel.
Arun Kumar Gupta was suggested by State Bank of India and Canara Bank as a replacement liquidator.
The application for replacement of the liquidator was allowed.
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Order No. IBBI/DC/282/2025 passed by the…
Order delivered on…
The case involves an application regarding the replacement of a liquidator. The initial liquidator, Mr. Kuldeep Verma, was facing suspension and expressed reluctance to continue the assignment on moral grounds.
Mr. Kuldeep Verma, the initial liquidator, was facing suspension.
Mr. Kuldeep Verma expressed reluctance to continue as liquidator on moral grounds.
State Bank of India and Canara Bank, as secured creditors, suggested an IP from the IBBI panel.
Arun Kumar Gupta was suggested by State Bank of India and Canara Bank as a replacement liquidator.
The application for replacement of the liquidator was allowed.
Order No. IBBI/DC/282/2025 passed by the…
Order delivered on…