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of <h1>Resolution professional must review Insolvency and Bankruptcy Code applications within 10 days and submit a detailed report.</h1> The resolution professional must review applications under sections 94 or 95 of the Insolvency and Bankruptcy Code within ten days of appointment and submit a report to the Adjudicating Authority recommending approval or rejection. If filed under section 95, the debtor may be required to prove debt repayment through specific evidence. Debts registered with an information utility cannot be disputed by the debtor. The resolution professional can request additional information, which must be provided within seven days. The report must detail reasons for acceptance or rejection and be shared with the debtor or creditor. Eligibility for a fresh start may alter application treatment.
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