https://www.taxtmi.com/article/detailed?id=12302 Amendments narrow independence disqualifications to prohibit appointees from being associates of guarantors or related parties of the corporate debtor, removing prior service as IRP/RP/liquidator as a disqualifier. A creditor meeting requirement compels the resolution professional to place or report on repayment plans. Insolvency Professionals rules introduce resignation procedures requiring committee recommendation and Adjudicating Authority approval, and restrict engagement of relatives with exceptions for insolvency professional entities excluding valuation and audit. Voluntary liquidation additions mandate enhanced disclosures, status reporting, formalised account claim procedures and revised authorization validity timing. en-us Thu, 08 Feb 2024 12:00:46 +0530 Thu, 08 Feb 2024 12:00:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12302 Amendments narrow independence disqualifications to prohibit appointees from being associates of guarantors or related parties of the corporate debtor, removing prior service as IRP/RP/liquidator as a disqualifier. A creditor meeting requirement compels the resolution professional to place or report on repayment plans. Insolvency Professionals rules introduce resignation procedures requiring committee recommendation and Adjudicating Authority approval, and restrict engagement of relatives with exceptions for insolvency professional entities excluding valuation and audit. Voluntary liquidation additions mandate enhanced disclosures, status reporting, formalised account claim procedures and revised authorization validity timing. Articles Corporate Laws / IBC / SEBI Thu, 08 Feb 2024 12:00:46 +0530 https://www.taxtmi.com/article/detailed?id=12302