Question

The committee of creditors, may, in the first meeting, ________________________, either resolve to appoint the interim resolution professional as a resolution professional or to replace the interim resolution professional by another resolution professional.

Q: Answer-The committee of creditors, may, in the first meeting, ________________________, either resolve to a...

Section 22-Appointment of resolution professional- 2 The committee of creditors, may, in the first meeting, 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.