Resolution Professional (“RP”) is the key professional and pillar under the Insolvency and Bankruptcy Code, 2016. RP is the whole and sole of a company after the insolvency application is approved by the adjudicating authority.

Resolution Professional is appointed by National Company Law Tribunal, or NCLT. Resolution Professional is required to take over the entire management and operation of the corporate debtor and run the whole CIRP. Powers of the existing board of directors stand suspended and vest in Resolution Professional so appointed. Resolution Professional is at the centre of all actions and activities and, therefore, all challenges, suits, and sometimes even physical assaults are directed at him/her who has to perform in the face of all these.

Resolution professional sometimes cannot run the entire process alone. He needs support of an agency which can guide, stand with him and understands the compliances and applicable laws. At “My Rupee Mantra” experts such as Chartered Accountants, Company Secretaries and Lawyers or Advocate and Industry Experts provide support to Resolution Professionals to run the CIRP or Liquidation in a smooth and hassle-free manner.

Resolution Professional Support Services: