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of <h1>Resolution Professional Must Prepare Confidential Info Memorandum for Insolvency Process Per Insolvency and Bankruptcy Code, 2016</h1> The resolution professional is responsible for preparing an information memorandum in a specified format to aid in formulating a resolution plan during the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. This memorandum must contain relevant information, including the corporate debtor's financial status and any disputes. The resolution professional must provide this information to the resolution applicant, who must agree to maintain confidentiality, protect intellectual property, and not share the information with third parties unless legal requirements are met. This provision became effective on December 1, 2016.
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