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    <title>PRESERVATION OF RECORDS RELATING TO CORPORATE INSOLVENCY RESOLUTION PROCESS</title>
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    <description>Insolvency professionals must preserve and produce both physical and electronic records generated during a Corporate Insolvency Resolution Process, including appointments, handovers, admission records, public announcements, Committee of Creditors documents, claims and verification lists, professional engagements and reports, Information Memorandum, filings and orders, resolution plan materials, correspondence, cost records and avoidance-transaction records. A 2021 Board circular prescribes statutory minimum retention durations for electronic and physical copies, requires secure storage and access controls (permitting use of Information Utilities), and obliges each professional to retain records for the specific period of the CIRP that he handled.</description>
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    <pubDate>Thu, 07 Jan 2021 13:07:14 +0530</pubDate>
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