Interim Resolution Professional

An insolvency professional appointed by the NCLT at the time of admission of a CIRP application to manage the corporate debtor until the Committee of Creditors appoints a Resolution Professional.

Interim Resolution Professional is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Interim Resolution Professional is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with IBC regulatory matters in India.