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RP who was disapproved by CoC had no vested right of foisting himself on Committee for his continuance : NCLAT

January 18, 2021[2021] 123 68 (NCL-AT)

IBC : Where Resolution Professional (RP) was replaced by committee of creditors with 97.98 per cent voting shares, in view of fact that conduct of RP was disapproved by committee of creditors and he lost their confidence, he had no vested right of foisting himself on committee of creditors for his continuance

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