https://www.taxtmi.com/acts?id=38012 A bankruptcy trustee may appoint accountants, registered valuers, advocates or other professionals to assist in discharge of duties, with their reasonable remuneration forming part of the bankruptcy process cost; specified persons (relatives of the trustee, partners or directors of the trustee's insolvency professional entity, associates of the bankrupt, and related parties of the corporate debtor) are excluded. Before appointment the trustee must obtain disclosure from the professional of any pecuniary or personal relationship with creditors, the trustee, the corporate debtor or the bankrupt, and a prior exclusion of certain insolvency professionals has been omitted by notification. en-us Thu, 21 Nov 2019 13:03:40 +0530 Sat, 03 Feb 2024 11:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38012 A bankruptcy trustee may appoint accountants, registered valuers, advocates or other professionals to assist in discharge of duties, with their reasonable remuneration forming part of the bankruptcy process cost; specified persons (relatives of the trustee, partners or directors of the trustee's insolvency professional entity, associates of the bankrupt, and related parties of the corporate debtor) are excluded. Before appointment the trustee must obtain disclosure from the professional of any pecuniary or personal relationship with creditors, the trustee, the corporate debtor or the bankrupt, and a prior exclusion of certain insolvency professionals has been omitted by notification. Act-Rules IBC Thu, 21 Nov 2019 13:03:40 +0530 https://www.taxtmi.com/acts?id=38012