Decoding the Code-Main

Management of affairs of Corporate Debtor as going concern by Interim Resolution Professional(IRP) & duties of IRP during CIRP under Insolvency and Bankruptcy Code 2016 (IBC)

/ 29 minutes of reading

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Management of affairs of Corporate Debtor as going concern by Interim Resolution Professional(IRP) & duties of IRP during CIRP under Insolvency and Bankruptcy Code 2016 (IBC) Read Post »

Cooperation of Suspended Directors and Managements of Corporate Debtor during CIRP and action by IRP/RP

/ 20 minutes of reading

This part of the Decoding the Code decodes the following:

Duty of management to assist or cooperate with the IRP
Duty to sign Financial Statements of the Corporate Debtor
Does not assist or co-operate with the IRP [Sec. 19(2)&(3)]
Assistance of the local district administration/Police assistance [CIRP Reg.-30]
Punishment under Section 70 of the Code

Cooperation of Suspended Directors and Managements of Corporate Debtor during CIRP and action by IRP/RP Read Post »

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