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of <h1>Interim resolution professional manages debtor operations during insolvency, preserves property value, and can modify contracts under IBC 2016.</h1> The interim resolution professional is tasked with managing the operations of a corporate debtor as a going concern during the insolvency resolution process. This includes preserving the value of the debtor's property and having the authority to appoint necessary professionals, modify existing contracts, and raise interim finance with creditor consent. The professional can issue instructions to personnel and take necessary actions to maintain the debtor's operations. These provisions came into force on December 1, 2016, under the Insolvency and Bankruptcy Code, 2016.
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