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of <h1>Insolvency Professionals: Key Duties and Code of Conduct Under Section 208 of Insolvency and Bankruptcy Code, 2016.</h1> Insolvency professionals are tasked with managing insolvency resolution, fresh start, liquidation, or bankruptcy processes, including corporate and individual insolvency resolutions, pre-packaged insolvency processes, and corporate liquidations. They must adhere to a code of conduct, ensuring reasonable care, compliance with agency bye-laws, allowing inspections, submitting records to relevant authorities, and performing duties under specified conditions. These functions and obligations are outlined under Section 208 of the Insolvency and Bankruptcy Code, 2016, with amendments effective from 2016 and 2021.
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