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      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.
      A By the vote of the members present in the meeting Correct Answer Incorrect Answer
      B By a majority vote of not less than sixty-six per cent of the voting share of the financial creditors Correct Answer Incorrect Answer
      C By a majority vote of not less than seventy-five per cent of the voting share of the financial creditors Correct Answer Incorrect Answer
      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 Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      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.

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