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 Proposes 13 Reforms to Real Estate Insolvency, 2026
Published: 30 June 2026
IBBI Valuation Guidelines 2026: Standardised Formats, Coordinating Valuer Framework & 23-Point Report Standard Under IBC
Published: 17 June 2026
IBBI Information Utilities Regulations, 2017: Full Guide to June 2026 Amendments
Published: 15 June 2026