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of <h1>Insolvency professionals must be independent and meet specific criteria for appointment in corporate insolvency resolution processes.</h1> An insolvency professional can be appointed as an interim or resolution professional for a corporate insolvency resolution process if they, along with their entity's partners or directors, are independent of the corporate debtor. Independence is defined as eligibility to be an independent director, not being a related party, and not being an employee or partner of firms associated with the debtor. Written consent is required for appointments or replacements, and disclosures must be made per the Code of Conduct. An insolvency professional cannot continue if their entity represents another stakeholder in the process.
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