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of <h1>Interim Resolution Professional Must File Report in 21 Days, Convene First Meeting in 7 Days per 2016 Regulations</h1> The interim resolution professional must file a report certifying the committee's constitution to the Adjudicating Authority within 21 days of appointment. If the fast track process is deemed inapplicable to the corporate debtor, the professional should apply to convert it to a corporate insolvency resolution process. Upon conversion by the Adjudicating Authority, the process will follow the 2016 regulations. Additionally, the professional must convene the committee's first meeting within seven days of filing the report.
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