Insolvency bankruptcy board of india

ABC Ltd., has initiated insolvency proceedings against RS Ltd., for recovery of debt
of ` 2.86 crore. ABC Ltd. intends to appoint Rahul, one of the employees of its
statutory auditors, M/s ASA & Associates, Chartered Accountants, as its resolution
professional. In the light of the statutory provisions, examine whether Rahul can be
appointed as a resolution professional.
Replies (3)
Quick Summary
This discussion examines the eligibility of an employee from a statutory auditor's firm to be appointed as a resolution professional. The core issue revolves around potential conflicts of interest and statutory provisions that may prevent such an appointment. The consensus suggests that due to their existing professional network with the company, the appointment is likely not permissible.

No, Rahul cannot be appointed as he has network with the company as employee
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