https://www.taxtmi.com/caselaws?id=410815 The commercial wisdom of the Committee of Creditors governs replacement of an interim resolution professional or resolution professional under the insolvency framework. Once the Committee of Creditors validly resolves to replace the professional and the adjudicating authority approves that decision, the incumbent has no vested or legal right to continue in office. Judicial review does not ordinarily interfere with such replacement unless a statutory breach or illegality is shown. The appeal therefore failed, and the order approving replacement of the insolvency professional was left undisturbed. en-us Fri, 06 Aug 2021 00:00:00 +0530 Tue, 10 Aug 2021 08:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410815 The commercial wisdom of the Committee of Creditors governs replacement of an interim resolution professional or resolution professional under the insolvency framework. Once the Committee of Creditors validly resolves to replace the professional and the adjudicating authority approves that decision, the incumbent has no vested or legal right to continue in office. Judicial review does not ordinarily interfere with such replacement unless a statutory breach or illegality is shown. The appeal therefore failed, and the order approving replacement of the insolvency professional was left undisturbed. Case-Laws Insolvency and Bankruptcy Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410815