Appeal Dismissed Due to Valid CoC Authority to Replace RP: NCLAT Delhi

Advertisement Bikram Bhadur Vs Committee of Creditors of Beoworld Pvt. Ltd. & Ors (NCLAT Delhi) The appellant, a Suspended Director of the Corporate Debtor, challenged the NCLT’s order dated 29.07.2025 approving the Committee of Creditors’ application under Section 27 to appoint a new Resolution Professional, Shri Rakesh Kumar Parakh. The appellant argued that since he had separately challenged the constitution of the Committee of Creditors in a pending appeal, the Committee lacked authority to approve the replacement of the Resolution Professional. After reviewing the submissions a...