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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Committee of creditors' authority to appoint or replace the resolution professional determines initiation and Board-confirmed appointment process.</h1> The committee of creditors holds the primary power to appoint or replace the resolution professional at its first meeting by the required majority, either confirming the interim resolution professional with written consent or proposing a replacement. Decisions to continue must be communicated to the interim professional, the corporate debtor and the Adjudicating Authority; decisions to replace require an application to the Adjudicating Authority with the proposed professional's written consent. The Adjudicating Authority forwards proposed replacements to the Board for confirmation and appoints only after confirmation; if the Board does not confirm within the prescribed period, the interim professional continues until confirmation.

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