Appointment and tenure of interim resolution professional.

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..... here the application for corporate insolvency resolution process is made by a financial creditor or the corporate debtor, as the case may be, the resolution professional, as proposed respectively in the application under section 7 or section 10, shall be appointed as the interim resolution professional, if no disciplinary proceedings are pending against him. (3) Where the application for corpor .....

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..... oceedings are pending. (5) The term of the interim resolution professional 1 [ shall continue till the date of appointment of the resolution professional under section 22 ] ******* Notes ** Come into the force w.e.f. 01-12-2016 [F. N. 30/7/2016-Insolvency] S.O. 3594(E) dated 30-11-2016 1. Substituted vide Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 .....

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