Resolution professional duties under insolvency law cover asset protection, creditor coordination, resolution plan processing, and avoidance applications. The resolution professional must preserve and protect the assets of the corporate debtor, including continued business operations, by taking custody and control of assets and records, representing the debtor in proceedings, raising interim finance with committee approval, appointing professionals, maintaining claims, convening creditor meetings, preparing the information memorandum, inviting eligible resolution applicants, presenting resolution plans, and filing applications regarding avoidance transactions or fraudulent or wrongful trading.
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.
Resolution professional duties under insolvency law cover asset protection, creditor coordination, resolution plan processing, and avoidance applications.
The resolution professional must preserve and protect the assets of the corporate debtor, including continued business operations, by taking custody and control of assets and records, representing the debtor in proceedings, raising interim finance with committee approval, appointing professionals, maintaining claims, convening creditor meetings, preparing the information memorandum, inviting eligible resolution applicants, presenting resolution plans, and filing applications regarding avoidance transactions or fraudulent or wrongful trading.
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