The NCLT allowed the application filed by Punjab National Bank to appoint Mr. Prem Chand Goyal as the Resolution Professional, replacing Dr. Taruna Goel as Interim Resolution Professional, following the CoC resolution.
Appointment of Mr. Prem Chand Goyal as Resolution Professional replacing Dr. Taruna Goel.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
NATIONAL COMPANY LAW TRIBUNAL, CHANDIGARH BENCH, CHANDIGARH.
CA No.1039/2019
IN
CP (IB) No.153/Chd/Pb/2019 (Admitted matter)
Under Section 22 of the Insolvency and Bankruptcy Code, 2016.
In the matter of:
Parmod Sharma. ….Petitioner-Operational Creditor.
Versus
Emsons Organics Limited. ….Respondent-Corporate Debtor.
And in the matter of: CA No.1039/2019 :
Punjab National Bank. ….Applicant-Financial Creditor. Present: Mr.Arjun Grover, Advocate for the applicant-PNB.
CA No.1039/2019 :
Heard the learned counsel for the applicant in CA
No.1039/2019.
CA No.1039/2019 IN CP (IB) No.153/Chd/Pb/2019 (Admitted matter)
as the Resolution Professional. The written consent in Form AA submitted by Mr.Prem Chand Goyal is also filed by the applicant as Annexure A-4 with the instant application.
(Ajay Kumar Vatsavayi) Member (Judicial)
Sd/(Pradeep R.Sethi) Member (Technical)
November 18, 2019.
Ashwani
CA No.1039/2019
IN CP (IB) No.153/Chd/Pb/2019 (Admitted matter)
1 issue framed by the court
Whether the appointment of Prem Chand Goyal as Resolution Professional replacing Dr. Taruna Goel in place of the CoC's resolution under Section 22 of the IB Code is maintainable.
1 provisions across 1 enactments
Parmod Sharma
Emsons Organics Limited
Punjab National Bank
Ajay Kumar Vatsavayi
Pradeep R Sethi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
