An application was filed under Section 60(5) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016, by Vinod Kumar Sharma, Nalin Kant Bhardwaj, and Pushpa Rani Bhardwaj (Applicants) against Narender Kumar Sharma (IRP) and four other Respondents. The Applicants sought the cancellation of the IRP's appointment, disciplinary action against the IBBI, and the appointment of an alternate IRP. The Corporate Debtors, Anand Infoedge Pvt. Ltd., Mist Avenue Pvt. Ltd., and Mist Direct Sales Pvt. Ltd., were admitted into CIRP on 19.07.2024, and Narender Kumar Sharma was appointed as IRP. The Applicants alleged that the IRP did not possess a valid Authorization for Assignment (AFA) on the date of his appointment and had pending investigations against him, which he concealed.
An application was filed under Section 60(5) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016.
The application was filed by the Applicants against the IRP and 4 other Respondents.
The Corporate Debtors (Anand Infoedge Pvt. Ltd., Mist Avenue Pvt. Ltd., and Mist Direct Sales Pvt. Ltd.) were admitted into CIRP vide order dated 19.07.2024.
Respondent No.1, Narender Kumar Sharma, was appointed as Interim Resolution Professional (IRP).
The IRP was directed to file a valid Authorization for Assignment (AFA) and an undertaking of no pending investigation within 5 days of his appointment.
On the date of his appointment (19.07.2024), the IRP had no valid AFA and an investigation was pending against him before the IBBI.
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The petition for…
A show cause notice (IBBI/DC/2027/2024) was…
An application was filed under Section 60(5) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016, by Vinod Kumar Sharma, Nalin Kant Bhardwaj, and Pushpa Rani Bhardwaj (Applicants) against Narender Kumar Sharma (IRP) and four other Respondents. The Applicants sought the cancellation of the IRP's appointment, disciplinary action against the IBBI, and the appointment of an alternate IRP. The Corporate Debtors, Anand Infoedge Pvt. Ltd., Mist Avenue Pvt. Ltd., and Mist Direct Sales Pvt. Ltd., were admitted into CIRP on 19.07.2024, and Narender Kumar Sharma was appointed as IRP. The Applicants alleged that the IRP did not possess a valid Authorization for Assignment (AFA) on the date of his appointment and had pending investigations against him, which he concealed.
An application was filed under Section 60(5) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016.
The application was filed by the Applicants against the IRP and 4 other Respondents.
The Corporate Debtors (Anand Infoedge Pvt. Ltd., Mist Avenue Pvt. Ltd., and Mist Direct Sales Pvt. Ltd.) were admitted into CIRP vide order dated 19.07.2024.
Respondent No.1, Narender Kumar Sharma, was appointed as Interim Resolution Professional (IRP).
The IRP was directed to file a valid Authorization for Assignment (AFA) and an undertaking of no pending investigation within 5 days of his appointment.
On the date of his appointment (19.07.2024), the IRP had no valid AFA and an investigation was pending against him before the IBBI.
…The petition for…
A show cause notice (IBBI/DC/2027/2024) was…