New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Where the committee of creditors resolves to replace the

    interim resolution professional, it shall ________________________
    A Take the written consent from the proposed resolution professional in the specified form Correct Answer Incorrect Answer
    B File an application before the Adjudicating Authority for the appointment of the proposed resolution professional Correct Answer Incorrect Answer
    C File an application before the Board for the appointment of the proposed resolution professional Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer
    E Both a & c Correct Answer Incorrect Answer

    Solution

    IBC  Section 22-Appointment of resolution professional: (3) Where the committee of creditors resolves under sub-section (2)— (a) to continue the interim resolution professional as resolution professional subject to a written consent from the interim resolution professional in the specified form , it shall communicate its decision to the interim resolution professional, the corporate debtor and the Adjudicating Authority; or (b) to replace the interim resolution professional, it shall file an application before the Adjudicating Authority for the appointment of the proposed resolution professional along with a written consent from the proposed resolution professional in the specified form.

    Practice Next

    Relevant for Exams: