Duties of Interim Resolution Professional require collecting debtor information and managing assets during the corporate insolvency process. The interim resolution professional must collect the debtor's operational and financial information, collate creditor claims following a prescribed public announcement, and constitute the Committee of Creditors. The IRP is to monitor and manage the debtor's operations until a resolution professional is appointed, file information with an information utility if needed, and take custody of assets recorded in the debtor's balance sheet or registries, including foreign, tangible, intangible and securities, subject to statutory exclusions and any additional duties specified by the Board.
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.
Duties of Interim Resolution Professional require collecting debtor information and managing assets during the corporate insolvency process.
The interim resolution professional must collect the debtor's operational and financial information, collate creditor claims following a prescribed public announcement, and constitute the Committee of Creditors. The IRP is to monitor and manage the debtor's operations until a resolution professional is appointed, file information with an information utility if needed, and take custody of assets recorded in the debtor's balance sheet or registries, including foreign, tangible, intangible and securities, subject to statutory exclusions and any additional duties specified by the Board.
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