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        IBC

        Rule 8 - Confirmation or nomination of insolvency professional

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

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        Confirmation of insolvency professionals: Board may share vetted databases and provide panels for trustee appointment. Rule 8 empowers the Board to share a database of insolvency professionals, including disciplinary information, with the Adjudicating Authority for confirmation or nomination purposes, and to provide a panel of insolvency professionals who may be appointed as bankruptcy trustees.
                        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 professionals: Board may share vetted databases and provide panels for trustee appointment.

                              Rule 8 empowers the Board to share a database of insolvency professionals, including disciplinary information, with the Adjudicating Authority for confirmation or nomination purposes, and to provide a panel of insolvency professionals who may be appointed as bankruptcy trustees.


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