https://www.taxtmi.com/acts?id=53984 Amends section 16 of the Insolvency and Bankruptcy Code to change the appointment of an interim resolution professional. In a financial creditor-initiated corporate insolvency resolution process, the resolution professional proposed in the application is appointed if no disciplinary proceedings are pending. In a corporate applicant-initiated process, the Adjudicating Authority refers the matter to the Board for recommendation of an insolvency professional to act as interim resolution professional, with the related cross-reference updated accordingly. en-us Tue, 07 Apr 2026 12:46:27 +0530 Tue, 07 Apr 2026 12:46:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53984 Amends section 16 of the Insolvency and Bankruptcy Code to change the appointment of an interim resolution professional. In a financial creditor-initiated corporate insolvency resolution process, the resolution professional proposed in the application is appointed if no disciplinary proceedings are pending. In a corporate applicant-initiated process, the Adjudicating Authority refers the matter to the Board for recommendation of an insolvency professional to act as interim resolution professional, with the related cross-reference updated accordingly. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 12:46:27 +0530 https://www.taxtmi.com/acts?id=53984