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<h1>Resolution Professional to Form Creditors' Committee Within 7 Days; Section 21 and Section 240 Regulations Apply</h1> The resolution professional must form a committee of creditors within seven days of the pre-packaged insolvency commencement date, based on confirmed claims. The committee's composition can be altered as specified, without affecting past decisions. The first meeting of the committee must occur within seven days of its formation. Section 21 provisions apply to the committee, with references to the 'resolution professional' including the 'corporate debtor.' Regulations under Section 240 specify how to alter the committee's composition.