Case Law Analysis
|National Company Law Appellate Tribunal
CoC May Replace RP Under Sec 22 IBC If Not Contrary to Code | Maylari Agro case : NCLAT Chennai
NCLAT Chennai held that the Committee of Creditors may replace a Resolution Professional under Section 22 of the IBC provided the replacement is not contrary to the Code, expunging adverse findings against the former RP and remitting his fee claim to the NCLT for adjudication.