Authorized Representative
Section 21(6) and (6A) of the Insolvency and Bankruptcy Board of India Code, 2016 (Code for short) provides for the appointment of authorized representative by the Financial Creditors within a given class to represent them to participate in the meeting of Committee of Creditors and vote on behalf of the Financial Creditors. For this purpose the Interim Resolution Professional shall make an application to the Adjudicating Authority along with the list of all financial creditors, containing the name of an Insolvency Professional, other than the Interim Resolution Professional, to act as their authorized representative who shall be appointed by the Adjudicating Authority prior to the first meeting of the committee…
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