Regulation 16A(3A) of CIRP regulations to be followed for replacement of authorised representative

Ashmeet Singh Bhatia Vs Rakesh Verma (NCLAT Delhi) NCLAT Delhi held that regulation 16A(3A) of the CIRP Regulations has to be followed for replacement of Authorised Representatives. Adjudicating Authority duly relied on regulation 16A(3A) and rejected the application of the appellant. Facts- This Appeal has been filed by the Appellant, a Homebuyer of Tower – 19 in the Lotus Panache Project of M/s. Granite Gate Properties Private Limited, the Corporate Debtor. This Appeal has been filed challenging the Order dated 24.07.2024 passed by the Adjudicating Authority (National Company Law Tribunal,...