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 Discussion Paper 2026: Guidance for Insolvency Professionals on Due Diligence to Detect Fraudulent or Malicious Initiation of CIRP
Published: 14 August 2026
MCA Invites Stakeholder Suggestions on Integrated Platform for Insolvency Ecosystem (iPIE) 2026
Published: 28 July 2026
IBBI Extends PGIRP Form Filing Deadline for Personal Guarantor Insolvency Cases to 30th September 2026
Published: 9 July 2026