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IBC - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Replacement of IRP - the appointment of the Appellant as IRP was ...

Insolvency and Bankruptcy

December 7, 2023

Replacement of IRP - the appointment of the Appellant as IRP was never confirmed by the CoC nor any material has been brought on record to indicate that the appointment of IRP was confirmed by the CoC by majority of not less than 66% of the vote. - the resolution to replace the IRP was passed on 06.10.2023 i.e. much before the assignment of debt. - Appeal dismissed - AT

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