TaxTMI 
TaxTMI 
Appointment of resolution professional [ Section 22 ]
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.... Resolution Professional * In the first meeting The committee of creditors, by a majority vote of not less than sixty-six per cent of the voting share of the financial creditors, * either resolve to appoint the interim resolution professional as a resolution professional or * to replace the interim resolution professional by another resolution professional. [ Section 22(2) ] * Written C....
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....he Adjudicating Authority shall forward the name of the resolution professional proposed under section 22(3)(b) to the Board for its confirmation and shall make such appointment after confirmation by the Board. * Appointment of Resolution Professional [ Section 22(5) ] * Where the Board does not confirm the name of the proposed resolution professional within ten days of the receipt of the name....
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.... continue as RP or wants to be discharged. Without his consent, the IRP cannot be forced to continue beyond 30 days. It further observed that, given the facts and circumstances and after perusal of the records, the Adjudicating authority's directions to impose a cost and refer the matter to the IBBI for initiating action against the appellant was uncalled for. * Allahabad Bank Vs. Anil Kumar NCL....