Question

In the first meeting, what majority vote is required by

Q: Answer-In the first meeting, what majority vote is required by the committee of creditors to either confirm...

IBC Section 22-Appointment of resolution professional 2 The committee of creditors, may, in the first meeting, by a majority vote of not less than seventy-five 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.

the committee of creditors to either confirm or replace the interim resolution professional with another resolution professional?

A Seventy-five per cent of the voting share of the financial creditors

B Fifty per cent of the voting share of the financial creditors

C Sixty-six per cent of the voting share of the financial creditors

D A simple majority of the committee members

E Ninety per cent of the voting share of the financial creditors

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In the first meeting, what majority vote is required by

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