Constitution of committee requires interim resolution professional to certify formation, convene first meeting, and assume RP duties if delayed. Constitution of the Committee of Creditors requires the interim resolution professional to certify the committee's constitution to the Adjudicating Authority after verification of claims, convene the first meeting within a short statutory period following that filing, and, if the resolution professional's appointment is delayed, perform the functions of the resolution professional until a resolution professional is appointed; the committee must act in compliance with Board guidelines.
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.
Constitution of committee requires interim resolution professional to certify formation, convene first meeting, and assume RP duties if delayed.
Constitution of the Committee of Creditors requires the interim resolution professional to certify the committee's constitution to the Adjudicating Authority after verification of claims, convene the first meeting within a short statutory period following that filing, and, if the resolution professional's appointment is delayed, perform the functions of the resolution professional until a resolution professional is appointed; the committee must act in compliance with Board guidelines.
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