Question

In the first meeting, what majority vote is required by the committee of creditors to either confirm or replace the interim resolution professional with another resolution professional?

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.