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A Person wants to initiate proceedings against the interim resolution professional and the resolution professional, for actions of the corporate debtor, prior to the insolvency commencement date, as he believes and is of the opinion that the interim resolution professional and the resolution professional should have investigated the affairs of the corporate debtor prior to the period of the commencement of the insolvency prQcess. Can he initiate proceedings on such grounds

April 06, 2020

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Can a person in charge of the management or control of the business and operations of the corporate debtor after a resolution plan is approved by the Adjudicating Authority, make an application to the Adjudicating Authority for an order seeking the assistance of the local district administration in implementing the terms of a resolution plan.

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A resolution plan means a plan proposed by any person for the insolvency resolution of the corporate debtor as

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