https://www.taxtmi.com/article/detailed?id=9439 The statutory and regulatory framework requires an insolvency professional to be independent of the corporate debtor but does not prohibit prior association with a financial creditor; mere past employment or pension receipt does not by itself render an IRP/RP ineligible. The author argues that IRP/RP duties are administrative and facilitative, that apprehension of bias by a corporate debtor is insufficient to disqualify a proposed practitioner, and that adjudicatory substitution based on such apprehension lacks explicit statutory support and risks enabling delay tactics. en-us Wed, 26 Aug 2020 12:52:13 +0530 Wed, 26 Aug 2020 12:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9439 The statutory and regulatory framework requires an insolvency professional to be independent of the corporate debtor but does not prohibit prior association with a financial creditor; mere past employment or pension receipt does not by itself render an IRP/RP ineligible. The author argues that IRP/RP duties are administrative and facilitative, that apprehension of bias by a corporate debtor is insufficient to disqualify a proposed practitioner, and that adjudicatory substitution based on such apprehension lacks explicit statutory support and risks enabling delay tactics. Articles Corporate Laws / IBC / SEBI Wed, 26 Aug 2020 12:52:13 +0530 https://www.taxtmi.com/article/detailed?id=9439