Question
What is the correct sequence for the replacement of resolution professional by committee of creditors?
What is the correct sequence for the replacement of resolution professional by committee of creditors?
a. The committee of creditors shall forward the name of the insolvency professional proposed by them to the Adjudicating Authority
b. The Adjudicating Authority shall forward the name of the proposed resolution professional to the Board for its confirmation
c. Written consent of the proposed resolution professional be taken in the specified form
d. The committee of creditors may, at a meeting, by a vote of sixty-six per cent of voting shares resolve to replace the resolution professional
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