https://www.taxtmi.com/acts?id=39850 An insolvency professional may be appointed as an interim resolution professional or resolution professional only if, subject to consent in the notified format, the professional and all partners and directors of the insolvency professional entity are independent of the corporate debtor. Independence requires eligibility to act as an independent director, absence of related-party status, and no disqualifying employment or partnership with the debtor's auditors, secretarial auditors, cost auditors, or specified legal or consulting firms. A resolution professional who is a director or partner of such an entity becomes ineligible to continue if the entity or any of its partners or directors represents any stakeholder in the same process. en-us Mon, 12 Apr 2021 15:16:43 +0530 Mon, 08 Jun 2026 11:50:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39850 An insolvency professional may be appointed as an interim resolution professional or resolution professional only if, subject to consent in the notified format, the professional and all partners and directors of the insolvency professional entity are independent of the corporate debtor. Independence requires eligibility to act as an independent director, absence of related-party status, and no disqualifying employment or partnership with the debtor's auditors, secretarial auditors, cost auditors, or specified legal or consulting firms. A resolution professional who is a director or partner of such an entity becomes ineligible to continue if the entity or any of its partners or directors represents any stakeholder in the same process. Act-Rules IBC Mon, 12 Apr 2021 15:16:43 +0530 https://www.taxtmi.com/acts?id=39850