Appointment of bankruptcy trustee requires Board confirmation or nomination before formal appointment in the bankruptcy order. When an insolvency professional is proposed as bankruptcy trustee, the Adjudicating Authority directs the Board to verify absence of disciplinary proceedings and the Board must either confirm that professional or reject and nominate another; if no trustee is proposed, the Adjudicating Authority directs the Board to nominate a trustee, and the confirmed or nominated trustee is appointed by the Adjudicating Authority in the bankruptcy order.
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Provisions expressly mentioned in the judgment/order text.
Appointment of bankruptcy trustee requires Board confirmation or nomination before formal appointment in the bankruptcy order.
When an insolvency professional is proposed as bankruptcy trustee, the Adjudicating Authority directs the Board to verify absence of disciplinary proceedings and the Board must either confirm that professional or reject and nominate another; if no trustee is proposed, the Adjudicating Authority directs the Board to nominate a trustee, and the confirmed or nominated trustee is appointed by the Adjudicating Authority in the bankruptcy order.
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