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2020 (5) TMI 291 - AT - Insolvency and BankruptcyDuties of IRP - collation of claims of "financial creditors", "operational creditors", etc., both domestic and international - control and custody of all the assets over which the "corporate debtor" has ownership rights - HELD THAT:- In view of such duties empowered on the "interim resolution professional", he is required to collate the claim of all "offshore creditors" or take control and custody of the assets of the "corporate debtor" situated outside India (in Holland) or other places, but for giving it effect the "resolution professional" is required to reach an arrangement/agreement with the administrator appointed pursuant to the proceeding initiated at Holland. The question as to whether the "committee of creditors" have any role to play is left open for decision at appropriate stage/in an appropriate case but for the present, we allow the "committee of creditors" to guide the "resolution professional" to enable him to prepare a (draft) agreement showing the terms and conditions to take up the matter with the administrator of Holland for his consent. Post the case for "orders" on September 20, 2019 at 12.00 noon on the top of the list.
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