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IBC

Resolution Professional

An insolvency professional appointed by the NCLT to manage the affairs of a corporate debtor during CIRP. The RP replaces the board of directors and is responsible for preparing and inviting resolution plans.

Last updated: 17 May 2026

Frequently Asked Questions

What is Resolution Professional?

An insolvency professional appointed by the NCLT to manage the affairs of a corporate debtor during CIRP. The RP replaces the board of directors and is responsible for preparing and inviting resolution plans.

What is the significance of Resolution Professional under IBC?

Resolution Professional is significant under IBC because An insolvency professional appointed by the NCLT to manage the affairs of a corporate debtor during CIRP. The RP replaces the board of directors and is responsible for preparing and inviting resolution plans.

Who does Resolution Professional apply to?

Resolution Professional under IBC applies to companies, professionals, and individuals involved in IBC-related compliance and regulatory matters in India. Specifically: An insolvency professional appointed by the NCLT to manage the affairs of a corporate debtor during CIRP. The RP replaces the board of directors and i...

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