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TMI Blog2020 (2) TMI 1540X X X X Extracts X X X X X X X X Extracts X X X X ..... K. Gupta and Ms. Garima Gupta, Advocates for the applicant-COC-PNB. ORDER This IA has been filed by Punjab National Bank, one of the COC Members of M/s Lakshmi Energy and Foods Limited, under Section 22(2) & (3)(b) of the Insolvency and Bankruptcy Code, 2016 seeking for appointment of a Resolution Professional in place of the IRP. It is stated that as the COC Members could not come to any agreem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oses whether any disciplinary proceeding is pending against an Insolvency Professional. So, in case, there is nothing against the person proposed, the Adjudicating Authority may appoint such person instead of seeking the confirmation from the IBBI. The Law Research Associate attached to this Tribunal has taken the print out from the database of Insolvency and Bankruptcy of India and the present st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Professional forthwith; ii) Mr. Kuldip Kumar Bassi, Resolution Professional shall take over the charge of the aforesaid records and the assets and perform his duties as required under the Code and the Regulations; iii) Mr. Kuldip Kumar Bassi, Resolution Professional is directed to send regular progress reports to this Tribunal every fortnight. 7. Accordingly, IA No. 110/2020 stands disposed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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