Duties of Resolution Professional [Section 25]

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....ued business operations of the corporate debtor. Duties of Interim Resolution Professional (IRP) [ Section 25(2) ] * The resolution professional shall undertake the following actions to protect the assets of the corporate debtor, namely:-- * (a) take immediate custody and control of all the assets of the corporate debtor, including the business records of the corporate debtor; * (b) represe....

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....fied by the Board, to submit a resolution plan or plans; * (i) present all resolution plans at the meetings of the committee of creditors; * (j) file application for avoidance of transactions in accordance with Chapter III, if any; and * (k) such other actions as may be specified by the Board. Relevant Case Law * In the case of Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors. - SC....

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....he conduct of CIRP, cannot be treated as an exercise of commercial wisdom. * Amit Gupta Vs. Yogesh Gupta - NCLAT Dated 20.12.2019 * The RP cannot go into investigations and enquiries whether or not a CD is an MSME, and the AA is also not expected to make such investigations, enquiries on such evidence or give findings on such issues. * S. Rajendran Vs. Jonathan Mouralidarane - NCLAT Dated 01....