https://www.taxtmi.com/article/detailed?id=7610 The resolution professional, appointed at the first creditors' meeting, conducts the corporate insolvency resolution process and manages the debtor's operations, taking custody of assets and records and representing the debtor. He must prepare the information memorandum, invite and present resolution plans, and may raise interim finance or take other major actions only with prior committee of creditors approval; unauthorized actions are void. Resolution plans approved by the committee are submitted to the adjudicating authority for approval, become binding if accepted, and records are forwarded to the Board. en-us Tue, 12 Sep 2017 07:34:40 +0530 Tue, 12 Sep 2017 07:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7610 The resolution professional, appointed at the first creditors' meeting, conducts the corporate insolvency resolution process and manages the debtor's operations, taking custody of assets and records and representing the debtor. He must prepare the information memorandum, invite and present resolution plans, and may raise interim finance or take other major actions only with prior committee of creditors approval; unauthorized actions are void. Resolution plans approved by the committee are submitted to the adjudicating authority for approval, become binding if accepted, and records are forwarded to the Board. Articles Corporate Laws / IBC / SEBI Tue, 12 Sep 2017 07:34:40 +0530 https://www.taxtmi.com/article/detailed?id=7610