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Replacement of resolution professional by committee of creditors.

Section 27 - Act - CORPORATE INSOLVENCY RESOLUTION PROCESS - Insolvency and Bankruptcy Code, 2016 - Section 27 - 27. (1) Where, at any time during the corporate insolvency resolution process, the committee of creditors is of the opinion that a resolu .....

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of creditors shall forward the name of the insolvency professional proposed by them to the Adjudicating Authority. (4) The Adjudicating Authority shall forward the name of the proposed resolution professional to the Board for its confirmation and a r .....

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e committee of creditors may, at a meeting, by a vote of seventy five per cent of voting shares, propose to replace the resolution professional appointed under section 22 with another resolution professional." - Statutory Provisions, Acts, Rules .....

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