Hi,
We have integrated our version control CVS with Infobuilder. So it allows us to
check-in/out the IBI files inside the tool. The problem we are facing now is:
the files are getting saved with app_filename
When we go to properties of any IBI file, it shows the file name as
app/sample_proc.fex where app/ supposed to be the folder name. Is there any way
to get rid of app/ from the file name when we create any IBI file???

We are creating procedures under Managed reporting.

Thanks,
Ram.

Which is very probably the reason that you see the app/ in the filename, becasue that is where it is being saved to in case of MRE. Every domain has its own folder under the mre tree, within that folder you have app, mrv and import directories. There is no way at all to get DevStudio to not show this info, let alone to not save it there.
This is the way it is intended to work.