πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      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

      Solution

      Section 22-Appointment of resolution professional: (3) Where the committee of creditors resolves under sub-section (2)β€” (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:

      ask-question