TMI Blog2022 (2) TMI 1229X X X X Extracts X X X X X X X X Extracts X X X X ..... n Professional to reconstitute the Committee of Creditors as per the prescribed rules and regulations in the Code. Mr. Khushvinder Singhal, Resolution Professional, shall hand over the entire record and the assets of the corporate debtor, if any, in his possession to the newly appointed Resolution Professional immediately - Mr. Vijay Kumar Gupta shall take over the charge of the entire records and assets of the corporate debtor and perform his duties, as required under the Code and the Regulations - application allowed. - IA No. 341/2021 In CP (IB) No. 30/Chd/Hry/2019 - - - Dated:- 24-2-2022 - HON BLE MR. HARNAM SINGH THAKUR (JUDICIAL) HON BLE MR. SUBRATA KUMAR DASH (TECHNICAL) For the Applicant : Mr. Varun Dutta, Advocate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Professional by then Members of CoC. 4. It is averred by the applicant that CoC was reconstituted by the Resolution Professional on 07.05.2021 due to admission of claim of two financial creditors. The Resolution Professional conducted a second CoC meeting on 17.05.2021. In the second meeting, two financial creditors i.e. Durga Prasad Sharma (70.46%) and D.R. Enterprises (29.54%) whose claim was admitted by the Resolution Professional with 100% voting shares, resolved to replace the present Resolution Professional Mr. Khushvinder Singhal with a Resolution Professional Sh. Vijay Kumar Gupta bearing Registration No. IBBI/IIPA-001/IP-P00262/2017-18/10500 whose consent was obtained in Form AA. Copy of the agenda and minutes of the second COC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lution Professional (for the period 31.03.2021 till date) while carrying out the Corporate Insolvency Resolution Process in the matter of the Corporate Debtor are paid. 8. The respondents have submitted copies of the invoices issued by the Resolution Professional against the three financial creditors for the reimbursement of expenses for the period of 31.03.2021 to 31.10.2021 attached with the reply as Annexure 26. That the details of the CIRP cost incurred by the respondent No. 2 is provided hereunder: BESTWAYS CIRP COST PROFESSIONAL FEES FROM 31.03.2021 TO 31.01.2022 S.NO. PARTICULARS TOTAL AMOUNT DURGA KUMAR PRASAD (47.49%) D.R. ENTERPRIS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 26119 10951 17930 10. Drafting Expenses (Application against COC members) 35000 16621 6969 11410 11. Travelling Expenses 12674 6018.9 2523.4 4131.7 12. Drafting, Filing and Pleading expenses( Extension Application) 45000 21370 8960 14670 13. Drafting, filing and pleading expenses(Replies to applications filed by Financial creditors) 35000 16622 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lution Professional. Also, the new Resolution Professional to reconstitute the Committee of Creditors as per the prescribed rules and regulations in the Code. 12. Accordingly, IA No. 341/2021 is disposed of with the following directions; a. Mr. Khushvinder Singhal, Resolution Professional, shall hand over the entire record and the assets of the corporate debtor, if any, in his possession to the newly appointed Resolution Professional immediately; b. Mr. Vijay Kumar Gupta shall take over the charge of the entire records and assets of the corporate debtor and perform his duties, as required under the Code and the Regulations; c. The new Resolution Professional, is directed to file his written consent along with an affidavit within ..... X X X X Extracts X X X X X X X X Extracts X X X X
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