https://www.taxtmi.com/caselaws?id=395258 The judgment clarifies the duties of the interim resolution professional under the Insolvency and Bankruptcy Code, 2016, emphasizing the collection of claims and control of assets. It outlines procedures for managing offshore assets, requiring coordination with the Administrator of the offshore regional hub. The role of the committee of creditors is left open for future determination, allowing their input in drafting agreements with offshore administrators. Compliance with the Code is highlighted throughout the decision, ensuring proper handling of assets and creditor claims, ultimately providing guidance for resolution professionals in similar cases. en-us Wed, 04 Sep 2019 00:00:00 +0530 Thu, 14 May 2020 09:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395258 The judgment clarifies the duties of the interim resolution professional under the Insolvency and Bankruptcy Code, 2016, emphasizing the collection of claims and control of assets. It outlines procedures for managing offshore assets, requiring coordination with the Administrator of the offshore regional hub. The role of the committee of creditors is left open for future determination, allowing their input in drafting agreements with offshore administrators. Compliance with the Code is highlighted throughout the decision, ensuring proper handling of assets and creditor claims, ultimately providing guidance for resolution professionals in similar cases. Case-Laws Insolvency and Bankruptcy Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395258