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        IBC

        Rule 8 - Confirmation or nomination of insolvency professional

        Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019

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        Confirmation of insolvency professional: Board may share database and panel with adjudicating authority for appointments. Rule 8 permits the Board to share with the Adjudicating Authority its database of insolvency professionals, including disciplinary proceedings information, to assist confirmation, and to provide a panel of insolvency professionals from which the Adjudicating Authority may appoint resolution professionals for the insolvency resolution process for personal guarantors to corporate debtors.
                        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.

                            Confirmation of insolvency professional: Board may share database and panel with adjudicating authority for appointments.

                            Rule 8 permits the Board to share with the Adjudicating Authority its database of insolvency professionals, including disciplinary proceedings information, to assist confirmation, and to provide a panel of insolvency professionals from which the Adjudicating Authority may appoint resolution professionals for the insolvency resolution process for personal guarantors to corporate debtors.


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