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        Insolvency and Bankruptcy

        2020 (11) TMI 1003 - Tri - Insolvency and Bankruptcy

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        Change of Insolvency Resolution Professional and Transfer of Assets by NCLT The National Company Law Tribunal, New Delhi Bench, replaced IRP Mr. Nazim Khan with Ms. Deepika Prasad as RP following a resolution passed with 87% ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Change of Insolvency Resolution Professional and Transfer of Assets by NCLT

                              The National Company Law Tribunal, New Delhi Bench, replaced IRP Mr. Nazim Khan with Ms. Deepika Prasad as RP following a resolution passed with 87% voting share. Mr. Nazim Khan was instructed to transfer the record and assets of CD to Ms. Deepika Prasad within 10 working days. The CoC was directed to calculate and settle the remuneration and expenses for Mr. Nazim Khan within 2 weeks. The IA was granted.


                              The National Company Law Tribunal, New Delhi Bench, replaced IRP Mr. Nazim Khan with Ms. Deepika Prasad as RP due to a resolution passed with 87% voting share. Mr. Nazim Khan was directed to hand over the record and assets of CD to Ms. Deepika Prasad within 10 working days. The CoC was directed to work out and pay the remuneration and expenses to Mr. Nazim Khan within 2 weeks. The IA was allowed.
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