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of <h1>Insolvency professional requests management transfer of debtor to resolution professional under section 54J of IBC 2016.</h1> An application is submitted by an insolvency professional to the Adjudicating Authority, requesting the transfer of management of a corporate debtor to a resolution professional in accordance with the Insolvency and Bankruptcy Code, 2016. This follows the committee of creditors' decision, made during a specified meeting, to vest management under section 54J of the Code. The application includes the meeting minutes of the creditors' committee. The document is part of the procedural requirements under the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021.
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