During the hearing, advocate Srinivasa Raghavan, appearing for the creditors, argued that the outgoing resolution professional (RP) Pankaj Srivastava was not “conducting himself properly”.

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Srinivasa Rao is Senior Assistant Editor based out of Hyderabad covering developments in Andhra Pradesh and Telangana . He has over three decades of reporting experience.

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The tribunal was told that the RP was not conducting himself properly and had not called for the meeting of the newly constituted CoC.