Preservation of records

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..... required to give a complete account of the corporate insolvency resolution process. (2) Without prejudice to the generality of the obligations under sub-regulation (1), the interim resolution professional or the resolution professional, as the case may be, shall preserve copies of records relating to or forming the basis of: - (a) his appointment as interim resolution professional or resolut .....

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..... e insolvency resolution process; (m) insolvency resolution process cost; and (n) preferential, undervalued, extortionate credit transactions or fraudulent or wrongful trading. (3) The interim resolution professional or the resolution professional shall preserve: (a) electronic copy of all records (physical and electronic) for a minimum period of eight years; and (b) a physical copy .....

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..... t that he did not take up the assignment from its commencement or continue the assignment till its conclusion. ] ******** Notes 1. Inserted vide Notification No. IBBI/2018-19/GN/REG032 dated 05-10-2018 2. Substituted vide F. No. IBBI/2021-22/GN/REG/080 dated 09-02-2022 before it was read as 1 [39A. Preservation of records.- The interim resolution professional .....

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