Interim resolution professional duties cover claim verification, creditor committee formation, asset control, and management of the corporate debtor. The interim resolution professional must collect information on the corporate debtor's assets, finances and operations, receive and verify creditor claims, constitute the committee of creditors, monitor assets and manage operations until appointment of a resolution professional, and take control of ownership assets recorded in relevant records. This includes assets in or out of possession, tangible and intangible assets, securities, insurance policies and assets with disputed ownership, while excluding third-party trust property, subsidiary assets and notified exclusions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interim resolution professional duties cover claim verification, creditor committee formation, asset control, and management of the corporate debtor.
The interim resolution professional must collect information on the corporate debtor's assets, finances and operations, receive and verify creditor claims, constitute the committee of creditors, monitor assets and manage operations until appointment of a resolution professional, and take control of ownership assets recorded in relevant records. This includes assets in or out of possession, tangible and intangible assets, securities, insurance policies and assets with disputed ownership, while excluding third-party trust property, subsidiary assets and notified exclusions.
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