https://www.taxtmi.com/caselaws?id=397739 The Supreme Court directed the appointment of a new Resolution Professional by the National Company Law Tribunal within a week, emphasizing that the replacement should not cast doubt on the integrity of the professional being replaced. The Court clarified that the change should not reflect negatively on the professionalism or conduct of the individual being substituted. The impugned order was found to be incorrect and should not set a precedent for future cases. The civil appeal was disposed of, providing clarity on the correct procedure for appointing Resolution Professionals under the Insolvency and Bankruptcy framework. en-us Wed, 19 Aug 2020 00:00:00 +0530 Fri, 28 Aug 2020 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397739 The Supreme Court directed the appointment of a new Resolution Professional by the National Company Law Tribunal within a week, emphasizing that the replacement should not cast doubt on the integrity of the professional being replaced. The Court clarified that the change should not reflect negatively on the professionalism or conduct of the individual being substituted. The impugned order was found to be incorrect and should not set a precedent for future cases. The civil appeal was disposed of, providing clarity on the correct procedure for appointing Resolution Professionals under the Insolvency and Bankruptcy framework. Case-Laws Insolvency and Bankruptcy Wed, 19 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397739