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    <title>[Duties and powers of resolution professional during prepackaged insolvency resolution process [ Section 54F ]</title>
    <link>https://www.taxtmi.com/manuals?id=3114</link>
    <description>The Resolution Professional is required to conduct the pre-packaged insolvency resolution process, confirm and maintain the list of claims, inform creditors of confirmed claims, prepare the information memorandum, monitor management, constitute and service the committee of creditors, and initiate avoidance or fraudulent trading proceedings where applicable. He may access all books, electronic records, government and third-party documents, attend corporate meetings, appoint professionals, and collect two years&#039; financial and operational information to assess the debtor&#039;s position. Financial institutions must furnish information and the debtor&#039;s personnel must cooperate; fees are prescribed and subject to creditor committee limits and ratification.</description>
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    <pubDate>Thu, 24 Aug 2023 18:36:00 +0530</pubDate>
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      <title>[Duties and powers of resolution professional during prepackaged insolvency resolution process [ Section 54F ]</title>
      <link>https://www.taxtmi.com/manuals?id=3114</link>
      <description>The Resolution Professional is required to conduct the pre-packaged insolvency resolution process, confirm and maintain the list of claims, inform creditors of confirmed claims, prepare the information memorandum, monitor management, constitute and service the committee of creditors, and initiate avoidance or fraudulent trading proceedings where applicable. He may access all books, electronic records, government and third-party documents, attend corporate meetings, appoint professionals, and collect two years&#039; financial and operational information to assess the debtor&#039;s position. Financial institutions must furnish information and the debtor&#039;s personnel must cooperate; fees are prescribed and subject to creditor committee limits and ratification.</description>
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      <pubDate>Thu, 24 Aug 2023 18:36:00 +0530</pubDate>
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