Vesting management of corporate debtor with resolution professional

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Full Text of the Document

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.... of not less than sixty-six per cent. of the voting shares, resolves to vest the management of the corporate debtor with the resolution professional, the resolution professional shall make an application for this purpose to the Adjudicating Authority, in such form and manner as may be specified. (2) On an application made under sub-section (1), if the Adjudicating Authority is of the opinion th....