https://www.taxtmi.com/caselaws?id=427858 The Tribunal approved the replacement of the Interim Resolution Professional (IRP) with Mr. Ashish Chhawchharia as the Resolution Professional (RP) under Section 22 of the Insolvency and Bankruptcy Code (IBC). Despite objections raised by the Suspended Management on various grounds, including the RP's alleged defaulter status and lack of local presence, the Tribunal dismissed these objections as unsubstantiated. The CoC's decision to appoint Mr. Chhawchharia was upheld, emphasizing his expertise in handling stress assets. The RP was directed to take over promptly, and the IBBI was notified of his appointment in accordance with the IBC. en-us Tue, 30 Aug 2022 00:00:00 +0530 Mon, 19 Sep 2022 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427858 The Tribunal approved the replacement of the Interim Resolution Professional (IRP) with Mr. Ashish Chhawchharia as the Resolution Professional (RP) under Section 22 of the Insolvency and Bankruptcy Code (IBC). Despite objections raised by the Suspended Management on various grounds, including the RP's alleged defaulter status and lack of local presence, the Tribunal dismissed these objections as unsubstantiated. The CoC's decision to appoint Mr. Chhawchharia was upheld, emphasizing his expertise in handling stress assets. The RP was directed to take over promptly, and the IBBI was notified of his appointment in accordance with the IBC. Case-Laws Insolvency and Bankruptcy Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427858