An Interim Resolution Professional (IRP) plays a critical role in the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The IRP is appointed to take control of the corporate debtor's management, protect assets, verify claims, and manage the insolvency process during the initial stage.
The role requires strong knowledge of insolvency law, financial analysis, stakeholder coordination, statutory timelines, creditor communication, and regulatory compliance. Proper management by the IRP helps maintain business continuity and protects the interests of creditors and stakeholders.
We provide professional support for Interim Resolution Professional assignments, assisting with claim verification, public announcements, creditor coordination, compliance filings, asset protection, and smooth conduct of the insolvency resolution process.
Support in handling responsibilities after appointment as Interim Resolution Professional under the IBC framework.
Assistance with public announcements, creditor communication, and invitation of claims as required under IBC regulations.
Verification of claims submitted by financial creditors, operational creditors, employees, and other stakeholders.
Support in preparing creditor lists, determining voting shares, and forming the Committee of Creditors.
Assistance in taking control of corporate debtor records, assets, books of accounts, and statutory information.
Support in managing operations of the corporate debtor as a going concern during the CIRP period.
Assistance with IBBI, NCLT, CoC, and statutory filings, reports, notices, and process documentation.
Coordination with creditors, management, employees, valuers, legal advisors, and resolution applicants.
Understanding the NCLT order, corporate debtor profile, timelines, statutory obligations, and immediate action requirements.
Issuing public announcement, receiving claims, maintaining claim records, and communicating with creditors.
Verifying creditor claims, preparing admitted claim lists, calculating voting shares, and forming the Committee of Creditors.
Supporting business continuity, statutory compliance, asset protection, reporting, and stakeholder communication.
Supporting transition to Resolution Professional or continuation as RP based on Committee of Creditors decision.
Get expert assistance for IRP assignments, claim verification, CoC formation, IBC compliance, stakeholder coordination, and CIRP process management.
Talk to Our Insolvency Team