Regulation 4 - Access to books. - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016

Access to books. 4. (1) Without prejudice to section 17(2)(d), the 1 [ interim resolution professional or the resolution professional, as the case may be, ] may access the books of account, records and other relevant documents and information, to the extent relevant for discharging his duties under the Code, of the corporate debtor held with- (a) depositories of securities; (b) professional advisors of the corporate debtor; (c) information utilities; (d) other registries that records the ownership of assets; (e) members, promoters, partners, board of directors and joint venture partners of the corporate debtor; and (f) contractual counter parties of the corporate debtor. 2 [ (2) The personnel of the corporate debtor, its promoters or any other person associated with the management of the corporate debtor shall provide the information within such time and in such format as sought by the interim resolution professional or the resolution professional, as the case may be. (3) The creditor shall provide to the interim resolution professional or resolution professional, as the case may be, the information in respect of assets and liabilities of the corporate debtor from the last valuation report, stock statement, receivables statement, inspection reports of properties, audit report, stock audit report, title search report, technical officers report, bank account statement and such other information which shall assist the interim resolution professional or the resolution professional in preparing the information memorandum, getting valuation determined and in conducting the corporate insolvency resolution process. ] ************ NOTES:- 1. Substituted vide Notification No. IBBI/2021-22/GN/REG075 dated 14-07-2021 before it was read as interim resolution professional 2. Inserted vide Notification No. IBBI/2022-23/GN/REG084 dated 14-06-2022