Appointment of insolvency professional as bankruptcy trustee.

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Full Text of the Document

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....tion 123, the Adjudicating Authority shall direct the Board within seven days of receiving the application for bankruptcy to confirm that there are no disciplinary proceedings pending against such professional. (2) The Board shall within ten days of the receipt of the direction under sub-section (1) in writing either- (a) confirm the appointment of the proposed insolvency professional as the....