Appointment of resolution professional: Board must confirm fitness or nominate an alternate before Adjudicating Authority appoints. Appointment of a resolution professional requires the Adjudicating Authority to seek confirmation from the Board on absence of disciplinary proceedings ... Summary
Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
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Appointment of resolution professional: Board must confirm fitness or nominate an alternate before Adjudicating Authority appoints.
Appointment of a resolution professional requires the Adjudicating Authority to seek confirmation from the Board on absence of disciplinary proceedings when a professional is proposed, or to direct the Board to nominate a professional when none is proposed; the Board must confirm or nominate, and the Adjudicating Authority appoints the recommended or nominated professional, who is then provided a copy of the insolvency application.
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