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TMI BlogDuties and powers of resolution professional during prepackaged insolvency resolution processX X X X Extracts X X X X X X X X Extracts X X X X ..... of a corporate debtor during the pre-packaged insolvency resolution process period. (2) The resolution professional shall perform the following duties, namely:- (a) confirm the list of claims submitted by the corporate debtor under section 54G, in such manner as may be specified; (b) inform creditors regarding their claims as confirmed under clause (a), in such manner as may be specified; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Chapter VI, if any; and (i) such other duties as may be specified. (3) The resolution professional shall exercise the following powers, namely:- (a) access all books of accounts, records and information available with the corporate debtor; (b) access the electronic records of the corporate debtor from an information utility having financial information of the corporate debtor; (c) access ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation relating to - (i) business operations for the previous two years from the date of pre-packaged insolvency commencement date; (ii) financial and operational payments for the previous two years from the date of prepackaged insolvency commencement date; (iii) list of assets and liabilities as on the initiation date; and (iv) such other matters as may be specified; (g) take such other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n professional and any expenses incurred by him for conducting the prepackaged insolvency resolution process shall be determined in such manner as may be specified: Provided that the committee of creditors may impose limits and conditions on such fees and expenses: Provided further that the fees and expenses for the period prior to the constitution of the committee of creditors shall be subjec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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