Question

Who shall appoint the Interim Resolution Professional?

Q: Answer-Who shall appoint the Interim Resolution Professional?

Section 16-Appointment and tenure of interim resolution professional- 1 The Adjudicating Authority shall appoint an interim resolution professional on the insolvency commencement date.

A Adjudicating Authority on the insolvency commencement date

B The parties like the financial creditors, operational creditors, as the case may be making an application for the initiation of the CIRP

C Adjudicating Authority within fourteen days from the insolvency commencement date

D Adjudicating Authority on the recommendation of parties

E Either a or b

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Who shall appoint the Interim Resolution Professional?

Solution