An Interim Resolution Professional is appointed who has the power to take over the company affairs of the defaulted company. In turn the Interim Resolution Professional; to initiate a plan that is feasible for both the debtors and the creditors. a skeletal graph of what enfolds after Insolvency is provided here along with relevant provisions of the Insolvency and Bankruptcy
An Interim Resolution Professional is appointed who has the power to take over the company affairs of the defaulted company. In turn the Interim Resolution Professional; to initiate a plan that is feasible for both the debtors and the creditors. a skeletal graph of what enfolds after Insolvency is provided here along with relevant provisions of the Insolvency and Bankruptcy
