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TMI BlogDuties of interim resolution professional [ section 18 ]X X X X Extracts X X X X X X X X Extracts X X X X ..... the assets , finances and operations of the corporate debtor for determining the financial position of the corporate debtor, including information relating to- (i) business operations for the previous two years; (ii) financial and operational payments for the previous two years; (iii) list of assets and liabilities as on the initiation date; and (iv) such other matters as m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e days from the date of the IRP s appointment. Thus, one of the first tasks taken by the IRP after his appointment is to make public announcement and invite claims from the creditors of the CD. Section 15 of the IBC and regulation 6 of the CIRP Regulations detail the information the public announcement must contain. This includes: the name and address of the CD under the CIRP; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd one regional language newspaper with wide circulation at the location of the registered office and principal office of the CD and in any other location which, in the opinion of the IRP, the CD conducts material business operations; on the website of the CD (if any); and on the website of the IBBI The cost of the public announcement is to be borne by the applicant who ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f) take control and custody of any asset over which the corporate debtor has ownership rights as recorded in the balance sheet of the corporate debtor, or with information utility or the depository of securities or any other registry that records the ownership of assets including- (i) assets over which the corporate debtor has ownership rights which may be located in a foreign country; ..... X X X X Extracts X X X X X X X X Extracts X X X X
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