About Interim Resolution Professional (IRP)
An Interim Resolution Professional (IRP) is appointed under the Insolvency and Bankruptcy Code (IBC) to take control of the corporate debtor during the initial phase of the Corporate Insolvency Resolution Process (CIRP). The IRP plays a critical role in preserving value, managing operations, and ensuring compliance with statutory requirements.
What We Do
We provide IRP services with a structured and compliant approach, managing the affairs of the corporate debtor, verifying creditor claims, and coordinating with the Committee of Creditors (CoC). Our focus is on transparency, value preservation, and smooth transition into the resolution phase.
Why Choose Us
IBC Compliance
Strict adherence to insolvency regulations.
Process Management
Efficient handling of CIRP procedures.
Creditor Coordination
Effective communication with stakeholders.
Value Preservation
Protect business value during insolvency.
Transparency
Clear and accountable process execution.
Expert Team
Handled by qualified insolvency professionals.
IRP Services Offered
Management Control
Take over operations of the corporate debtor.
Claims Verification
Receive, verify, and collate creditor claims.
CoC Formation
Constitute the Committee of Creditors.
Information Memorandum
Prepare key financial and operational data.
Stakeholder Coordination
Manage communication between all parties.
CIRP Compliance
Ensure timelines and legal requirements are met.
Frequently Asked Questions
Who is an Interim Resolution Professional?
An IRP is a licensed professional appointed to manage a company during the initial stage of insolvency under IBC.
What is the role of an IRP?
The IRP manages operations, verifies claims, and forms the Committee of Creditors.
What is CIRP?
The Corporate Insolvency Resolution Process is a legal process to resolve insolvency of a company.
How long does an IRP serve?
The IRP serves until a Resolution Professional is appointed by the CoC.
Who appoints the IRP?
The IRP is appointed by the adjudicating authority (NCLT).