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of <h1>Interim Resolution Professional Duties Under Section 18 IBC: Asset Management, Creditor Claims, and Committee Formation.</h1> The interim resolution professional (IRP) in a Corporate Insolvency Resolution Process (CIRP) has several duties under Section 18 of the Insolvency and Bankruptcy Code (IBC). These include collecting information on the corporate debtor's assets, finances, and operations, and collating creditor claims following a public announcement. The IRP must also constitute a committee of creditors, monitor and manage the debtor's assets and operations, file necessary information with information utilities, and take control of the debtor's assets. The IRP is tasked with other duties as specified by the Board, with certain exclusions for assets owned by third parties or subsidiaries.
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