Case Law Details
Case Name : Srigopal Choudary Resolution Professional of Shree Ram Urban Infrastructure Ltd Vs SREI Equipment Finance Ltd (NCLAT Delhi)
Appeal Number : Company Appeal (AT) (Ins) No. 1443 of 2022
Date of Judgement/Order : 10/01/2023
Related Assessment Year :
Courts :
NCLAT
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Srigopal Choudary Resolution Professional Of Shree Ram Urban Infrastructure Ltd Vs SREI Equipment Finance Ltd (NCLAT Delhi)
NCLAT, Delhi held that adjudicating authority being the appointing authority of IRP/RP has due jurisdiction to pass an order for removal of the Resolution Professional.
Facts-
On 6.11.2019 an application filed under section 7 of the IBC against the Corporate Debtor namely Shree Ram Urban Infrastructure Ltd. was admitted and appellant namely Shri Gopal Choudury was appointed as IRP by the Adjudicating Authority and CIRP was initiated.
NCLT passed an order directing replacement of resolution professional (appellant) and directed for his replacement with one Mr. Sapan Mohan Garg. The said order of NCLT is being challenged by the appellant.
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