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.
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.
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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