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of <h1>Section 29 of IBC 2016 mandates resolution professionals to share information memorandum with applicants under strict confidentiality terms.</h1> Under Section 29 of the Insolvency and Bankruptcy Code (IBC) 2016, a resolution professional must provide resolution applicants with access to an information memorandum in both physical and electronic forms. Applicants must agree to maintain confidentiality, adhere to insider trading laws, protect any intellectual property of the corporate debtor, and refrain from sharing information with third parties. The memorandum includes necessary details for creating a resolution plan, such as the corporate debtor's financial status, legal disputes, and other relevant matters.
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