Committee of creditors voting thresholds: replacement of resolution professional permitted by qualified majority with written consent under amended provision. Committee of creditors authority is amended to permit replacement of the resolution professional by a meeting decision taken by the prescribed voting strength; the committee may resolve to replace the incumbent with another by a vote of sixty-six per cent. of voting shares, subject to a written consent from the proposed resolution professional in the specified form.
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Committee of creditors voting thresholds: replacement of resolution professional permitted by qualified majority with written consent under amended provision.
Committee of creditors authority is amended to permit replacement of the resolution professional by a meeting decision taken by the prescribed voting strength; the committee may resolve to replace the incumbent with another by a vote of sixty-six per cent. of voting shares, subject to a written consent from the proposed resolution professional in the specified form.
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