IBC1 min read
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 (FAQs)🔗
Q1. What is Resolution Professional in Indian corporate law?▼
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.
Q2. Why is Resolution Professional important for compliance?▼
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.
Q3. Who should know about Resolution Professional?▼
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.
Contextual Analysis & Regulatory Updates🔗
Read our latest analysis and critical updates on corporate circulars related to IBC:
IBBI Starts ₹500 Fee for Delayed Liquidation Forms Under Regulation 47B
Published: 24 September 2026
IBBI Further Extends PGIRP Form Filing Deadline to December 31, 2026
Published: 24 September 2026
IBBI (Liquidation Process) (Fifth Amendment) Regulations, 2026: New 30-Day Rule for Reporting Changes to the Stakeholder List
Published: 23 September 2026