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Resolution Professional (RP)
A Resolution Professional (RP) manages the Corporate Insolvency Resolution Process after appointment or confirmation by the Committee of Creditors under the Insolvency and Bankruptcy Code, 2016. The RP is responsible for running the corporate debtor as a going concern and conducting the resolution process in a transparent and compliant manner.
The role of the Resolution Professional involves creditor coordination, claim management, Committee of Creditors meetings, invitation of resolution plans, valuation coordination, regulatory filings, and compliance with statutory timelines under the IBC framework.
We provide professional support for Resolution Professional assignments, assisting with CIRP management, CoC coordination, resolution plan process, compliance documentation, stakeholder communication, and smooth conduct of insolvency proceedings.
Our Resolution Professional Services
CIRP Management Support
Assistance in managing the corporate insolvency resolution process in line with IBC and IBBI requirements.
Committee of Creditors Coordination
Support for CoC meetings, notices, agenda preparation, voting records, minutes, and stakeholder communication.
Claims Management
Ongoing support for claim verification, claim updates, creditor records, voting share revisions, and claim reporting.
Going Concern Operations
Support in managing business operations, asset protection, statutory compliance, and financial reporting during CIRP.
Resolution Plan Process
Assistance with expression of interest, information memorandum, resolution applicant coordination, and plan evaluation support.
Valuation Coordination
Coordination with registered valuers for fair value, liquidation value, asset valuation, and valuation-related documentation.
Regulatory Filings
Support for IBBI, NCLT, CoC, and statutory filings, progress reports, compliance forms, and process records.
Stakeholder Communication
Coordination with creditors, management, employees, advisors, resolution applicants, valuers, and legal professionals.
Our RP Support Process
1
Appointment & Case Review
Understanding the NCLT order, CoC decision, corporate debtor status, pending compliances, and CIRP timelines.
2
CoC & Compliance Planning
Preparing meeting calendar, compliance tracker, stakeholder records, regulatory filing plan, and process documentation.
3
Resolution Process Management
Supporting EOI publication, information memorandum preparation, applicant coordination, and resolution plan evaluation.
4
Operations & Reporting
Assisting with going concern operations, creditor reporting, valuation coordination, CoC updates, and statutory compliance.
5
Plan Approval & Closure
Supporting CoC approval process, NCLT submission, implementation coordination, or transition to liquidation if required.
Why Resolution Professional Support Matters
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Ensures structured conduct of the CIRP process
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Supports timely compliance with IBC and IBBI regulations
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Improves coordination with Committee of Creditors
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Helps maintain the corporate debtor as a going concern
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Supports transparent resolution applicant communication
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Reduces process delays, documentation gaps, and compliance risks
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Strengthens claim records, voting records, and CoC documentation
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Supports smooth resolution plan approval or closure process
FAQs on Resolution Professional (RP)
Who is a Resolution Professional?
A Resolution Professional is an insolvency professional appointed or confirmed by the Committee of Creditors to manage the Corporate Insolvency Resolution Process and conduct the resolution process under the Insolvency and Bankruptcy Code.
What are the main duties of a Resolution Professional?
The main duties include managing the corporate debtor as a going concern, conducting CoC meetings, managing claims, inviting resolution plans, coordinating valuation, filing reports, and ensuring compliance with IBC timelines.
How is a Resolution Professional appointed?
The Committee of Creditors may approve the Interim Resolution Professional to continue as the Resolution Professional or may appoint another insolvency professional, subject to the provisions of the Insolvency and Bankruptcy Code.
Does the Resolution Professional manage the company?
Yes, during CIRP, the Resolution Professional manages the affairs of the corporate debtor and is responsible for preserving its assets and running it as a going concern wherever possible.
What is the role of RP in resolution plans?
The RP invites resolution applicants, shares the information memorandum, receives resolution plans, checks compliance requirements, places eligible plans before the Committee of Creditors, and supports the approval process.
What records does a Resolution Professional maintain?
The RP maintains claim records, creditor lists, CoC meeting notices, minutes, voting results, valuation records, process documents, statutory filings, communication records, and resolution plan documents.
Can a Resolution Professional support liquidation if resolution fails?
If no resolution plan is approved within the prescribed timeline or the CoC decides liquidation, the RP may support the transition process as per the Insolvency and Bankruptcy Code and NCLT directions.
Conduct CIRP with Professional RP Support
Get expert assistance for Resolution Professional assignments, CoC coordination, resolution plan process, IBC compliance, stakeholder communication, and CIRP management.
Talk to Our Insolvency Team