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        F. Acts / Amendment Acts

        Section 7 - Amendment of section 10

        Insolvency and Bankruptcy Code (Second Amendment) Act, 2018

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        Resolution professional eligibility: insolvency filings must disclose proposed professional and show no pending disciplinary proceedings for acceptance. Amendment to Section 10 mandates that corporate applicants file, with their application, information from books of account for the specified period, details of the proposed resolution professional for interim appointment, and a shareholders' special resolution or a three fourths partners' resolution approving the filing. The amendment further provides that an application is complete only if otherwise complete and no disciplinary proceeding is pending against the proposed resolution professional, and is incomplete if it is otherwise incomplete or a disciplinary proceeding is pending against that 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.

                              Resolution professional eligibility: insolvency filings must disclose proposed professional and show no pending disciplinary proceedings for acceptance.

                              Amendment to Section 10 mandates that corporate applicants file, with their application, information from books of account for the specified period, details of the proposed resolution professional for interim appointment, and a shareholders' special resolution or a three fourths partners' resolution approving the filing. The amendment further provides that an application is complete only if otherwise complete and no disciplinary proceeding is pending against the proposed resolution professional, and is incomplete if it is otherwise incomplete or a disciplinary proceeding is pending against that professional.


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