NCLT Approves Bhagyodayam Company Management Substitution

NCLT Kochi allows substitution of Administrator with Managing Director for Bhagyodayam Company in pending proceedings.
Tribunal dismisses respondent's objection regarding pending RoC representation on director disqualification.
Newly elected Board took charge on 08.04.2024 after Administrator was discharged on 28.05.2024.
Company directed to file amended memo of parties and replace 'Administrator' with 'Managing Director' in all records.