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of <h1>Resolution Professional Duties Under IBC Section 25: Asset Preservation, Business Management, Legal Representation, and Creditor Engagement.</h1> The duties of a Resolution Professional (RP) under Section 25 of the Insolvency and Bankruptcy Code (IBC) include preserving the assets of the corporate debtor and managing its business operations. The RP must take custody of assets, represent the debtor in legal proceedings, raise interim finances, appoint professionals, maintain claims, and convene creditor meetings. They also prepare information memoranda, invite resolution plans, and file applications to avoid transactions. Case law highlights the RP's administrative role, emphasizing the importance of adhering to the Code's provisions, avoiding misuse of authority, and ensuring the maximization of asset value.
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