Interim resolution professional appointment rules shape corporate insolvency process and require no pending disciplinary proceedings. Appointment of an interim resolution professional in corporate insolvency resolution process depends on the applicant and the absence of pending disciplinary proceedings. The Adjudicating Authority appoints the interim resolution professional on the insolvency commencement date, or refers the matter to the Board for recommendation where no proposal is made or where the process is initiated by the corporate debtor. The Board must recommend a suitable insolvency professional within ten days, and the interim resolution professional continues until appointment of the resolution professional.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interim resolution professional appointment rules shape corporate insolvency process and require no pending disciplinary proceedings.
Appointment of an interim resolution professional in corporate insolvency resolution process depends on the applicant and the absence of pending disciplinary proceedings. The Adjudicating Authority appoints the interim resolution professional on the insolvency commencement date, or refers the matter to the Board for recommendation where no proposal is made or where the process is initiated by the corporate debtor. The Board must recommend a suitable insolvency professional within ten days, and the interim resolution professional continues until appointment of the resolution professional.
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