https://www.taxtmi.com/acts?id=54064 During the creditor-initiated insolvency resolution process, management of the corporate debtor continues with the Board of Directors or partners, while the resolution professional attends meetings and may reject resolutions in the prescribed manner. The promoter and personnel must provide relevant information for the information memorandum, and liability may arise for omission of material information or for misleading or false information supplied in that process. en-us Thu, 09 Apr 2026 10:34:24 +0530 Thu, 09 Apr 2026 17:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54064 During the creditor-initiated insolvency resolution process, management of the corporate debtor continues with the Board of Directors or partners, while the resolution professional attends meetings and may reject resolutions in the prescribed manner. The promoter and personnel must provide relevant information for the information memorandum, and liability may arise for omission of material information or for misleading or false information supplied in that process. Act-Rules IBC Thu, 09 Apr 2026 10:34:24 +0530 https://www.taxtmi.com/acts?id=54064