Madras HC: NCLT bound to appoint applicant-recommended Interim Resolution Professional under Ss. 7 and 10 of IBC
“In regard to an application under Sections 7 or under 10 of the IB Code, the professional recommended by the applicant must mandatorily be appointed as IRP, the only caveat being that no disciplinary proceedings should be pending as against him, leaving no elbowroom to the NCLT to take a different view.”