https://www.taxtmi.com/caselaws?id=421332 The Tribunal approved the replacement of the Interim Resolution Professional (IRP) with a new Resolution Professional for the Corporate Insolvency Resolution Process (CIRP) of a company. Shri Purshotam Gaggar was appointed as the new Resolution Professional, replacing Shri Vakati Balasubramaniam Reddy. The decision was supported by the Committee of Creditors with 100% voting share. The outgoing IRP was directed to hand over documents promptly, and the new RP was tasked with fulfilling duties diligently. The CoC was instructed to settle dues and costs as per legal provisions and a Supreme Court judgment, concluding the process of replacing the IRP. en-us Fri, 01 Apr 2022 00:00:00 +0530 Fri, 22 Apr 2022 08:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421332 The Tribunal approved the replacement of the Interim Resolution Professional (IRP) with a new Resolution Professional for the Corporate Insolvency Resolution Process (CIRP) of a company. Shri Purshotam Gaggar was appointed as the new Resolution Professional, replacing Shri Vakati Balasubramaniam Reddy. The decision was supported by the Committee of Creditors with 100% voting share. The outgoing IRP was directed to hand over documents promptly, and the new RP was tasked with fulfilling duties diligently. The CoC was instructed to settle dues and costs as per legal provisions and a Supreme Court judgment, concluding the process of replacing the IRP. Case-Laws Insolvency and Bankruptcy Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421332