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IBC - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Replacement of the Appellant with another Resolution ...


CoC's Decision to Replace Interim Resolution Professional Is Binding Under IBC; IRP Cannot Challenge Appropriateness.

December 14, 2023

Case Laws     Insolvency and Bankruptcy     AT

Replacement of the Appellant with another Resolution Professional - When the Resolution has been passed by the CoC in accordance with the provisions of the IBC deciding to replace the IRP, IRP cannot be heard in questioning the resolution on the ground that present was not a case where IRP could have been replaced by another Resolution Professional. - AT

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