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of <h1>Regulation 39A mandates preserving insolvency process records for up to eight years, ensuring secure and accessible documentation.</h1> Regulation 39A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 mandates that an interim resolution professional or resolution professional must preserve records related to the corporate insolvency resolution process. These records include documentation of appointments, committee meetings, claims, professional engagements, filings, correspondence, and financial transactions. Electronic records must be retained for at least eight years, while physical copies should be kept for three years, from the completion of the process or any related proceedings. Records must be stored securely and be available for production as required by the Code and Regulations.
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