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2020 (11) TMI 960 - Tri - Insolvency and BankruptcyApplication for Replacement of Resolution Professional - HELD THAT:- Mr. Nikhil, Learned Counsel for the Ex-Directors mentions and confirms that the Resolution Professional is not following the procedure of law and in the appeal filed by the Ex-Management which is pending before the Hon'ble National Company Law Appellate Tribunal, the issue of behaviour of Resolution Professional is also being agitated. The minutes though not in the form of Resolution but records at various places about the disapproval of RP's behaviour & actions by the CoC and dire-need to replace RP is placed on record. The e-mail sent by the majority CoC Member i.e. Power Department, Government of Sikkim has already intimated about this removal and lack of authority to RP. Considering the documents placed and submissions made before us, we allow the application, thereby Mr. Diwan Chand Arya present Resolutiion Professional is be and hereby replaced by Mr. Debrath Rana. Consent Form 'AA' is also annexed with the application. List on 16-12-2020.
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