Tribunals and CommissionsDivision Bench(2025) 10 NCLT CK 1547

Uno Minda Limited vs Marshall Machines Limited

National Company Law Tribunal, Chandigarh Bench · Decided on 27 October 2025

HON’BLE JUDGES
K. K. Singh, Member (Technical) · K. Biswal, Member (Judicial)
CASE NUMBER
IA(I.B.C)/1644(CH)2025 In CP (IB) No. 298/Chd/Pb/2O23

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Judgment

2 paragraphs · 130 words

ORDER

This is the Application filed under Section 22(3) of the IBC for appointing M/s Mavent Restructuring Services LLP as Resolution Professional by replacing the IRP Mr. Kanti Mohan Rustagi. We have heard the Ld. Counsel appearing for the Applicant-Bank who is the sole CoC Member. She submits that the Registration number of the proposed RP is IBBI/IPE-0154/IPA-3/2023-24/50058 and the AFA is valid up to 31.12.2025. Having considered the submissions so made by the Ld. Counsel as well as the pleadings made in the Application, we hereby appoint M/s Mavent Restructuring Services LLP as Resolution Professional. The IRP Mr. Kanti Mohan Rustagi is directed to handover the control of the Corporate Debtor as well as related documents to the Resolution Professional so appointed. Accordingly, IA(I.B.C)/1644(CH)2025 stands allowed and disposed of.