Management of affairs of corporate debtor by interim resolution professional [ Section 17 ]

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....nues if the IRP is confirmed as the RP and, if the Committee of Creditor resolves to replace the IRP, the role of the IRP continues till an RP is appointed. Management of affairs of corporate debtor by interim resolution professional [ Section 17(1) ] * From the date of appointment of the interim resolution professional,- * (a) the management of the affairs of the corporate debtor shall vest ....

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.... IBBI (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 * (1) Without prejudice to section 17(2)(d), the interim resolution professional or the resolution professional, as the case may be, may access the books of account, records and other relevant documents and information, to the extent relevant for discharging his duties under the Code, of the corporate debtor held with-....

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.... in respect of assets and liabilities of the corporate debtor from the last valuation report, stock statement, receivables statement, inspection reports of properties, audit report, stock audit report, title search report, technical officers report, bank account statement and such other information which shall assist the interim resolution professional or the resolution professional in preparing t....

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....ernment authorities, statutory auditors, accountants and such other persons as may be specified; and (e) be responsible for complying with the requirements under any law for the time being in force on behalf of the corporate debtor. Relevant Case Law * Subasri Realty Pvt. Ltd. Vs. N. Subramanian & Anr. [CA (AT) (Ins.) No. 290 of 2017] NCLAT order dt. 22.02.2018 * To ensure that the CD remai....