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of <h1>Resolution Professional Duties: Asset Protection, Legal Representation, Finance Management, and Resolution Plan Coordination Under Insolvency Code 2016.</h1> Under the Insolvency and Bankruptcy Code, 2016, the resolution professional is responsible for preserving and protecting the assets of the corporate debtor. This includes taking control of assets, representing the debtor in legal proceedings, raising interim finances with creditor approval, and appointing necessary professionals. The professional must maintain an updated list of claims, attend creditor meetings, prepare an information memorandum, invite eligible resolution applicants to submit plans, present these plans to creditors, and file applications to avoid certain transactions. Additional actions may be specified by the Board.
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