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New resolution Professional appointed for CIRP proceeding of U.N. Automobile Pvt. Ltd.
Case Law Details
- Case Name
- Bank of Baroda Vs U. N. Automobiles Pvt. Ltd (NCLT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Bank of Baroda Vs U. N. Automobiles Pvt. Ltd (NCLT Jaipur)
NCLT Jaipur held that conduct of the present Resolution Professional in CIRP proceeding of the Corporate Debtor [M/s U. N. Automobile Private Limited] seems to be non-transparent and in clear violation of the core objectives and principles of the Code. Thus, new Resolution Professional is appointed.
Facts- The Applicant is the erstwhile/suspended director of the CD who has approached this Adjudicating Authority being aggrieved by the conduct of the Non-Applicant No.1, inter alia, whereby the Non-Applicant No.1, i.e. th...
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