2020 (1) TMI 796

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... as been in the services of SBI for a period of over 39 years - HELD THAT:- It is evident that such an Interim Resolution Professional is unlikely to act fairly and cannot be expected to act as an independent umpire. We grant an opportunity to the Financial Creditor to perform its statutory mandatory obligation by substituting the name of the Resolution Professional to act as an Interim Resoluti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... services of SBI for a period of over 39 years. Thus, there is an apprehension of bias against the appointment of the proposed IRP. The Petitioner in its rejoinder has not disputed the aforesaid factum. In view of the aforesaid facts, it is evident that such an Interim Resolution Professional is unlikely to act fairly and cannot be expected to act as an independent umpire. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X