https://www.taxtmi.com/article/detailed?id=12673 Replacement of Resolution Professional is available where the RP fails in statutory facilitative and disclosure duties in a personal guarantor insolvency process. Sections 94-95 address initiation and appointment, Section 98 permits replacement applications, and Section 100(2) plus IBBI Regulations govern negotiations for a repayment plan. An RP who met the guarantor with a lawyer at an expensive hotel, omitted disclosure of claim documents and did not seek tribunal directions was replaced; the outgoing RP may still claim professional fees and expenses as process costs. en-us Fri, 07 Jun 2024 09:27:37 +0530 Fri, 07 Jun 2024 09:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12673 Replacement of Resolution Professional is available where the RP fails in statutory facilitative and disclosure duties in a personal guarantor insolvency process. Sections 94-95 address initiation and appointment, Section 98 permits replacement applications, and Section 100(2) plus IBBI Regulations govern negotiations for a repayment plan. An RP who met the guarantor with a lawyer at an expensive hotel, omitted disclosure of claim documents and did not seek tribunal directions was replaced; the outgoing RP may still claim professional fees and expenses as process costs. Articles Corporate Laws / IBC / SEBI Fri, 07 Jun 2024 09:27:37 +0530 https://www.taxtmi.com/article/detailed?id=12673