Anshuman Chaturvedi Vs. IDBI Bank Ltd. (C. P. (IB) No. 19/7/NCLT/AHM/2017) - Synopsis
Team SoOLEGAL 5 Apr 2021

In this case, Anshuman Chaturvedi Vs. IDBI Bank Ltd. (C. P. (IB) No. 19/7/NCLT/AHM/2017), Mr.Anshuman Chaturvedi (Resolution Professional Asian Natural Resources (India) Limited.) was not willing to continue as Liquidator. The Company of Creditors suggested Mr. Abhishek Nagori for liquidation.
The Board recommends to the Adjudicating Authority the replacement of a Resolution Professional for reasons to be reported because the resolution plan submitted by the Resolution Professional under Section 30 was rejected for failure to meet the criteria specified in Sub-Section (2) of Section 30. Mr. Abhishek Nagori was appointed by the Adjudicating Authority under Section 34(7) as he was one of the members of the panel that was approved by IDBI Bank.


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