2021 (1) TMI 716

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..... ember (Judicial) And Shreesha Merla Member (Technical) For the Appellant : Mr. Pradeep Dahiya, Advocate. ORDER Appellant- Mr. Diwan Chand Arya acting as Resolution Professional was replaced by Mr. Debrath Rana in terms of the impugned order dated 11th November, 2020 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court-IV during the Corporate Insolvency Resoluti .....

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..... e Appellant as Resolution Professional, we find that the Power Department of Government of Sikkim being the major stakeholder had serious reservations about the conduct of the Appellant and disapproved of his behavior and action. The decision was taken to remove the Resolution Professional as the Committee of Creditors was not satisfied with the conduct of Corporate Insolvency Resolution Process .....

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