https://www.taxtmi.com/acts?id=38010 An insolvency professional is eligible for appointment as a bankruptcy trustee only if the professional, the insolvency professional entity, and all partners and directors are independent of the guarantor, are free from ongoing disciplinary proceedings or restraint orders, and do not represent any party in the bankruptcy process. Independence requires that the person is not an associate of the guarantor and is not a related party of the corporate debtor. A prior auditor of the guarantor must disclose year-wise remuneration, and written consent must be provided before appointment. en-us Thu, 21 Nov 2019 13:02:47 +0530 Fri, 05 Jun 2026 17:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38010 An insolvency professional is eligible for appointment as a bankruptcy trustee only if the professional, the insolvency professional entity, and all partners and directors are independent of the guarantor, are free from ongoing disciplinary proceedings or restraint orders, and do not represent any party in the bankruptcy process. Independence requires that the person is not an associate of the guarantor and is not a related party of the corporate debtor. A prior auditor of the guarantor must disclose year-wise remuneration, and written consent must be provided before appointment. Act-Rules IBC Thu, 21 Nov 2019 13:02:47 +0530 https://www.taxtmi.com/acts?id=38010