https://www.taxtmi.com/caselaws?id=446571 NCLAT dismissed appeal challenging replacement of IRP. Appellant was appointed as IRP but appointment was never confirmed by CoC as required under Section 22. CoC filed application seeking IRP replacement after appellant failed to convene meetings despite court directions. Adjudicating Authority correctly allowed replacement since unconfirmed IRP could be replaced by CoC. Appellant's objection regarding debt assignment was rejected as assignment occurred after replacement resolution was passed. NCLAT found no error in lower court's order and dismissed appeal finding no merit. en-us Tue, 05 Dec 2023 00:00:00 +0530 Wed, 06 Dec 2023 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446571 NCLAT dismissed appeal challenging replacement of IRP. Appellant was appointed as IRP but appointment was never confirmed by CoC as required under Section 22. CoC filed application seeking IRP replacement after appellant failed to convene meetings despite court directions. Adjudicating Authority correctly allowed replacement since unconfirmed IRP could be replaced by CoC. Appellant's objection regarding debt assignment was rejected as assignment occurred after replacement resolution was passed. NCLAT found no error in lower court's order and dismissed appeal finding no merit. Case-Laws Insolvency and Bankruptcy Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446571