https://www.taxtmi.com/caselaws?id=291062 The Tribunal rejected HDFC Bank's application to replace the Interim Resolution Professional (IRP) with a new Resolution Professional (RP) due to the absence of a specific resolution by the Committee of Creditors (COC) approving the replacement. The judgment highlighted the importance of COC decisions in appointing or replacing Resolution Professionals under the Insolvency and Bankruptcy Code, emphasizing the necessity of a majority vote to confirm such appointments. en-us Wed, 27 Nov 2019 00:00:00 +0530 Tue, 27 Oct 2020 10:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291062 The Tribunal rejected HDFC Bank's application to replace the Interim Resolution Professional (IRP) with a new Resolution Professional (RP) due to the absence of a specific resolution by the Committee of Creditors (COC) approving the replacement. The judgment highlighted the importance of COC decisions in appointing or replacing Resolution Professionals under the Insolvency and Bankruptcy Code, emphasizing the necessity of a majority vote to confirm such appointments. Case-Laws Insolvency and Bankruptcy Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291062