https://www.taxtmi.com/caselaws?id=295486 The Tribunal upheld the Adjudicating Authority's decision to not allow the interim resolution professional to withdraw from the corporate insolvency resolution process, emphasizing the Authority's discretion to discharge based on valid reasons. The Tribunal also affirmed the statutory provisions regarding the tenure of the interim resolution professional and the committee of creditors' authority to decide on their appointment. It set aside the Authority's order imposing costs and disciplinary actions against the appellant, ensuring that the order would not impact the appellant's future engagements in insolvency proceedings. The appeal was disposed of without costs. en-us Fri, 24 Aug 2018 00:00:00 +0530 Tue, 16 Nov 2021 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295486 The Tribunal upheld the Adjudicating Authority's decision to not allow the interim resolution professional to withdraw from the corporate insolvency resolution process, emphasizing the Authority's discretion to discharge based on valid reasons. The Tribunal also affirmed the statutory provisions regarding the tenure of the interim resolution professional and the committee of creditors' authority to decide on their appointment. It set aside the Authority's order imposing costs and disciplinary actions against the appellant, ensuring that the order would not impact the appellant's future engagements in insolvency proceedings. The appeal was disposed of without costs. Case-Laws Insolvency and Bankruptcy Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295486