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of <h1>Insolvency Code Section 19: Corporate Debtors Must Cooperate with Resolution Professionals or Face Legal Consequences</h1> Section 19 of the Insolvency and Bankruptcy Code (IBC) mandates cooperation with the Interim Resolution Professional (IRP) or Resolution Professional (RP) by the personnel, promoters, and management of a corporate debtor. If cooperation is withheld, the IRP/RP can seek directions from the Adjudicating Authority (AA), which can order compliance and, if necessary, involve local authorities to assist in managing the debtor's affairs. Non-cooperation can lead to prosecution under section 236 of the IBC. The Companies Act, 2013, also empowers the National Company Law Tribunal (NCLT) to request assistance from local magistrates to secure corporate debtor assets. Relevant case laws illustrate the application of these provisions.
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