Replacement of resolution professional by committee of creditors.

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..... nted under section 22 is required to be replaced, it may replace him with another resolution professional in the manner provided under this section. 1[(2) 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 appointed under section 22 with another resolution professional, subject to a written consent from t .....

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..... 6 1. Substituted vide Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 w.e.f. 06-06-2018 before it was read as "(2) The committee of creditors may, at a meeting, by a vote of seventy five per cent of voting shares, propose to replace the resolution professional appointed under section 22 with another resolution professional." -
Statute, statutory provisions legislation, .....

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