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IBC - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Non-appointment of persons selected by the COC (Committee of ...


Adjudicating Authority Cannot Appoint Resolution Professional; Committee of Creditors Holds Power Under IBC Section 22.

January 18, 2021

Case Laws     Insolvency and Bankruptcy     AT

Non-appointment of persons selected by the COC (Committee of Creditors) as Resolution Professional and Authorized Representative - Section 22 of IBC - Adjudicating Authority had no power to impose Resolution Professional of its choice. Even for Authorised Representative decision of the majority is to be respected. - AT

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