https://www.taxtmi.com/acts?id=31126 Resignation by a bankruptcy trustee permits resignation for cessation of practice or conflict of interest; upon acceptance the Adjudicating Authority must direct the Board to replace the trustee, the Board must recommend a replacement within ten days, and the Adjudicating Authority must appoint the recommended trustee within fourteen days. The outgoing trustee must deliver possession of the estate to the replacement on appointment, may be directed to share information and cooperate, and the replacement must notify the committee of creditors and the bankrupt within seven days. Release of the replaced trustee follows the release provisions under section 148. en-us Tue, 02 Jan 2018 16:10:07 +0530 Fri, 06 Dec 2019 12:35:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31126 Resignation by a bankruptcy trustee permits resignation for cessation of practice or conflict of interest; upon acceptance the Adjudicating Authority must direct the Board to replace the trustee, the Board must recommend a replacement within ten days, and the Adjudicating Authority must appoint the recommended trustee within fourteen days. The outgoing trustee must deliver possession of the estate to the replacement on appointment, may be directed to share information and cooperate, and the replacement must notify the committee of creditors and the bankrupt within seven days. Release of the replaced trustee follows the release provisions under section 148. Act-Rules IBC Tue, 02 Jan 2018 16:10:07 +0530 https://www.taxtmi.com/acts?id=31126