New resolution Professional appointed for CIRP proceeding of U.N. Automobile Pvt. Ltd.

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. the IRP of the CD i...