O R D E R

(Hybrid Mode)

Per: Barun Mitra, Member (Technical)

The present appeal filed under Section 61 of the Insolvency and Bankruptcy Code 2016 (‘IBC’ in short) by the Appellants arises out of the Order dated 02.03.2026 (hereinafter referred as ‘Impugned Order’) passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi, Bench – II) in I.A No. 917 of 2026 & IA No. 931 of 2026 in CP (IB) No. 1718(PB) of 2018. By the impugned order, the Adjudicating Authority has disposed of both IAs by directing the replacement of the current Resolution Professional (“RP” in short) with a RP selected by them. Aggrieved by the impugned order, the present appeal has been preferred.

2. Coming to the brief facts of the case, two IAs, namely IA Nos. 917 and 931 of 2026 have been filed in CP(IB) No. 1718(PB) of 2018 in respect of CIRP of the Corporate Debtor-Three C Projects Pvt Ltd. In its 52^nd meeting held on 11.02.2026, the CoC had approved the replacement of the existing RP with the proposed RP, Shri Krit Narayan Mishra following which IA No. 917 of 2026 was filed. IA No. 917 of 2026 had been preferred by the Authorised Representative of the Financial Creditors in class comprising Ho