2020 (11) TMI 957

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..... esolution Professional under Section 22 of the I B Code which means the replacement is sought with 100% voting shares while the requisite vote is 66%. It is well settled that the commercial wisdom of the Committee of Creditors which covers matters including the replacement of the Resolution Professional does not fall within the limited scope of judicial review and is not justiciable. Fees of .....

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..... tion Professional, had approached the Adjudicating Authority (National Company Law Tribunal), Court-V, New Delhi, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 ( I B Code for short) for seeking payment of fee and staying of his replacement. The prayer was declined on the ground that the wisdom of Committee of Creditors is beyond the pale of challenge. In the instant case, the so .....

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