Resolution Professional
As a Resolution professional
To carry on the operations of the Borrower / Corporate Debtor as a running unit- To manage the affairs of the Borrower / Corporate Debtor
- To verify the Resolution Plan as this is a major task for Insolvency Professionals in India
- To call and conduct meetings of creditors, as and when necessary
- To call and conduct meetings of creditors to approve Resolution Plan
- To Submit Resolution plan approved by Committee of creditors to NCLT
- To carry on such other activities as may be ordered by the NCLT or required for smooth conduct of the resolution process
- All matters incidental to carrying on the activities as Resolution Professional
Details of activities to be carried as Interim Resolution Professional as follows:
- To carry on the operations of the Borrower / Corporate Debtor as a running unit
- To manage the affairs of the Borrower / Corporate Debtor
- To arrange publication of Public Announcement
- To appointRegistered valuers, Accounting, Legal and other Professionals
- Verify the claims of creditors and finalize list of creditors
- Form Committee of creditors
- Prepare Information Memorandum
- Call and convene 1st meeting of committee of creditors
- Submit report on formation of committee of creditors and Minutes of proceedings of meeting of creditors to NCLT
- To carry on such other activities as may be ordered by the NCLT or required for smooth conduct of the resolution process.
- All matters incidental to carrying on the activities as an Interim Resolution Professional.