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Replacement of Resolution Professional in gainful employment with financial creditor is justified : NCLAT

January 13, 2021[2021] 123 184 (NCL-AT)

IBC : Where NCLT directed replacement of appellant-Resolution Professional with a new Insolvency Resolution Profession as appellant had been in gainful employment of 'financial creditor' for 34 years and had been dealing with accounts of 'corporate debtor' which facts were unknown to 'corporate debtor' previously, there was no infirmity in order of NCLT

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