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.

A By the vote of the members present in the meeting

B By a majority vote of not less than sixty-six per cent of the voting share of the financial creditors

C By a majority vote of not less than seventy-five per cent of the voting share of the financial creditors

D By a majority vote of not less than seventy-five per cent of the voting share of the financial creditors as well as the operational creditors

E None of the above

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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.

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