An application (IA-4368/ND/2026) was filed seeking the replacement of the existing Liquidator in the ongoing liquidation process of M/s. RG Infra Build Pvt. Ltd. The Committee of Creditors (CoC) had passed a resolution recommending this replacement, initiated by M/s Prasaditya ARC Limited, a secured financial creditor.
An application (IA-4368/ND/2026) was filed for the replacement of the Liquidator.
The Committee of Creditors (CoC) passed a resolution dated 24.08.2026 recommending the replacement of the existing Liquidator.
M/s Prasaditya ARC Limited, a secured financial creditor holding 80.81% voting share in the CoC, requested the replacement of Mr. Rakesh Kumar Jain.
Mr. Amar Nath, an Insolvency Professional (Registration No. IBBI/IPA-001/P-01639/2019-2020/12530), was proposed as the new Liquidator.
The CoC clarified that the request for replacement was not due to any allegation of misconduct, incapacity, ineligibility, negligence, or default by the existing Liquidator.
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The Committee of Creditors passed a…
The NCLT delivered the order approving the…
An application (IA-4368/ND/2026) was filed seeking the replacement of the existing Liquidator in the ongoing liquidation process of M/s. RG Infra Build Pvt. Ltd. The Committee of Creditors (CoC) had passed a resolution recommending this replacement, initiated by M/s Prasaditya ARC Limited, a secured financial creditor.
An application (IA-4368/ND/2026) was filed for the replacement of the Liquidator.
The Committee of Creditors (CoC) passed a resolution dated 24.08.2026 recommending the replacement of the existing Liquidator.
M/s Prasaditya ARC Limited, a secured financial creditor holding 80.81% voting share in the CoC, requested the replacement of Mr. Rakesh Kumar Jain.
Mr. Amar Nath, an Insolvency Professional (Registration No. IBBI/IPA-001/P-01639/2019-2020/12530), was proposed as the new Liquidator.
The CoC clarified that the request for replacement was not due to any allegation of misconduct, incapacity, ineligibility, negligence, or default by the existing Liquidator.
…The Committee of Creditors passed a…
The NCLT delivered the order approving the…