Choice of authorised representative
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....if any; (ii) for representation of creditors in a class ascertained under sub-regulation (1) in the committee, identify three insolvency professionals who are- (a) not relatives or related parties of the applicant or the resolution professional; (b) having their addresses, as registered with the Board, in the State or Union territory, as the case may be, which has the hi....
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....consented under sub-regulation (3): Provided that the creditors shall communicate their choice to the resolution professional within three days; (v) select the insolvency professional, who is the choice of the highest number of creditors in the class to act as the authorised representative of the creditors of the respective class. (vi) inform the name of the insolvency p....
TaxTMI