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of <h1>Resolution Professional Manages Insolvency Process, Confirms Claims, Constitutes Creditors Committee, Accesses Records, Converts Foreign Currency Claims</h1> The resolution professional (RP) in a pre-packaged insolvency resolution process is tasked with managing the corporate debtor's affairs, confirming and updating claims, informing creditors, and constituting the committee of creditors. The RP has the authority to access financial records, attend meetings, appoint professionals, and gather information on the debtor's assets and finances. Financial institutions and corporate personnel must cooperate with the RP. Fees for the RP are determined by specified regulations and subject to committee approval. Claims in foreign currency are converted to Indian currency based on the Reserve Bank of India's exchange rate at the insolvency commencement date.
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