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of <h1>Insolvency professionals must be independent of guarantors and provide written consent before appointment as resolution professionals.</h1> An insolvency professional can be appointed as a resolution professional if they, their entity, and its partners or directors are independent of the guarantor, are not under disciplinary proceedings or restraint orders, and do not represent any party in the resolution process. Independence requires not being an associate or related party of the guarantor or corporate debtor. Additionally, professionals who have not filed applications on behalf of guarantors or creditors must provide written consent to the Adjudicating Authority before appointment. Definitions and requirements are aligned with the Insolvency and Bankruptcy Board of India regulations.
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