Deciphering the Responsibilities of a Resolution Professional within the Framework of the IBC

Ancoraa Resolution30 Dec, 2023Business

The Insolvency and Bankruptcy Code (IBC) of India, enacted in 2016, marked a significant shift in the country's approach to resolving corporate insolvency. Among the key players in the insolvency resolution process is the Resolution Professional (RP). This individual plays a pivotal role in facilitating the smooth and efficient resolution of distressed companies, ensuring fair treatment of creditors and stakeholders.