Access to books and creditor information supports insolvency resolution duties and valuation under the corporate insolvency framework. Access to books, records and other relevant documents is available to the interim resolution professional or resolution professional to the extent necessary for discharging duties under the Code. Personnel of the corporate debtor, its promoters and others associated with management must provide information in the time and format requested. Creditors, including financial institutions and statutory authorities, must also furnish relevant records and information, including material relating to assets and liabilities, to assist preparation of the information memorandum, valuation and conduct of the corporate insolvency resolution process.
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.
Access to books and creditor information supports insolvency resolution duties and valuation under the corporate insolvency framework.
Access to books, records and other relevant documents is available to the interim resolution professional or resolution professional to the extent necessary for discharging duties under the Code. Personnel of the corporate debtor, its promoters and others associated with management must provide information in the time and format requested. Creditors, including financial institutions and statutory authorities, must also furnish relevant records and information, including material relating to assets and liabilities, to assist preparation of the information memorandum, valuation and conduct of the corporate insolvency resolution process.
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