https://www.taxtmi.com/article/detailed?id=8474 The committee of creditors may, by prescribed voting majority at its first meeting, either appoint the interim resolution professional as resolution professional with written consent or resolve to replace the IRP by proposing another professional to the Adjudicating Authority; the Adjudicating Authority must forward the proposed name to the Board for confirmation, and the committee's decision to replace an IRP must be supported by valid reasons and procedural fairness, otherwise the Adjudicating Authority may exercise its supervisory discretion to refuse or review the change. en-us Wed, 24 Apr 2019 08:44:39 +0530 Wed, 24 Apr 2019 08:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8474 The committee of creditors may, by prescribed voting majority at its first meeting, either appoint the interim resolution professional as resolution professional with written consent or resolve to replace the IRP by proposing another professional to the Adjudicating Authority; the Adjudicating Authority must forward the proposed name to the Board for confirmation, and the committee's decision to replace an IRP must be supported by valid reasons and procedural fairness, otherwise the Adjudicating Authority may exercise its supervisory discretion to refuse or review the change. Articles Corporate Laws / IBC / SEBI Wed, 24 Apr 2019 08:44:39 +0530 https://www.taxtmi.com/article/detailed?id=8474