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    <title>REPLACEMENT OF INTERIM RESOLUTION PROFESSIONAL – COMMERCIAL WISDOM OF COMMITTEE OF CREDITORS?</title>
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    <description>The Committee of Creditors, constituted after collation and verification of claims, may in its first meeting by a two thirds voting share either confirm the interim resolution professional as resolution professional or replace the IRP by another resolution professional; replacement requires the CoC to file an application with the Adjudicating Authority together with the proposed professional&#039;s consent, and the Adjudicating Authority appoints the proposed professional only after confirmation by the Board, with the IRP continuing until such confirmation or performing RP functions where appointment is delayed.</description>
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      <description>The Committee of Creditors, constituted after collation and verification of claims, may in its first meeting by a two thirds voting share either confirm the interim resolution professional as resolution professional or replace the IRP by another resolution professional; replacement requires the CoC to file an application with the Adjudicating Authority together with the proposed professional&#039;s consent, and the Adjudicating Authority appoints the proposed professional only after confirmation by the Board, with the IRP continuing until such confirmation or performing RP functions where appointment is delayed.</description>
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