https://www.taxtmi.com/caselaws?id=402915 The Tribunal directed the Committee of Creditors (CoC) to appoint a Resolution Professional (RP) promptly to replace the Interim Resolution Professional (IRP) and ensure compliance with the Insolvency and Bankruptcy Code. The CoC's failure to appoint an RP and pay professional fees hindered the Corporate Insolvency Resolution Process. The Tribunal emphasized the RP's crucial role and ordered immediate payment of fees to the IRP, emphasizing cooperation with her until RP's appointment to facilitate a timely resolution process. en-us Fri, 07 Aug 2020 00:00:00 +0530 Fri, 15 Jan 2021 11:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402915 The Tribunal directed the Committee of Creditors (CoC) to appoint a Resolution Professional (RP) promptly to replace the Interim Resolution Professional (IRP) and ensure compliance with the Insolvency and Bankruptcy Code. The CoC's failure to appoint an RP and pay professional fees hindered the Corporate Insolvency Resolution Process. The Tribunal emphasized the RP's crucial role and ordered immediate payment of fees to the IRP, emphasizing cooperation with her until RP's appointment to facilitate a timely resolution process. Case-Laws Insolvency and Bankruptcy Fri, 07 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402915