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2020 (4) TMI 892 - Tri - Insolvency and BankruptcyReplacement of IRP with RP - seeking approval for replacing Mr Hemant Shah, Interim Resolution Professional (IRP), with Mr Saurabh Tikmani as Resolution Professional (RP) of the Corporate Debtor - sections 22(2) and 22(3)(b) of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- The first meeting of the CoC was held on 16.01.2020, at which it was resolved to appoint Mr Saurabh Tikmani (Reg. No.IBBI/IPA001/IP-P00559/2017-18/10989) as the RP of the Corporate Debtor in place of Mr Harshul Anilkant Shah, IRP. The voting result has been placed at p.47 of the Interlocutory Application. Mr Saurabh Tikmani has also filed his written consent in Form AA to act as RP of the Corporate Debtor, which has been placed on record at p.48 of the Application. There are no circumstances that inhibit the appointment of Mr Saurabh Tikmani as such RP. This Bench after duly considering the facts and circumstances mentioned in the interlocutory application and the submissions made by the learned counsel for the Applicant/ RP at the time of hearing held on 28.02.2020, hereby grants approval for the appointment of Mr Saurabh Tikmani [Reg. No.IBBI/IPA-001/IPP00559/2017-18/10989] as the RP of Tribhovandas Bhimji Zaveri & Sons Retail Private Limited [CIN: U74999MH2015PTC263038], the Corporate Debtor. Application disposed off.
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