Eligibility of bankruptcy trustee

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....nkruptcy process, if- (a) he, the insolvency professional entity of which he is a partner or a director, and all the partners and directors of the said insolvency professional entity are independent of the guarantor; (b) he is not subject to any ongoing disciplinary proceeding or a restraint order of the Board or of the insolvency professional agency of which he is a professional....

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....122 or 123 on behalf of a guarantor or a creditor, as the case may be, shall provide a written consent in ^4[such form as notified by the Board through circular] to the Adjudicating Authority before his appointment as bankruptcy trustee in a bankruptcy process.     *************** NOTES:- 1. Inserted vide Notification No. IBBI/2023-24/GN/REG108 dated 31-01-2024 ....