TMI Blog[Duties and powers of resolution professional during prepackaged insolvency resolution process [ Section 54F ]X X X X Extracts X X X X X X X X Extracts X X X X ..... (a) confirm the list of claims submitted by the corporate debtor under section 54G , in such manner as may be specified in Regulation 20(2) of IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 ; (b) inform creditors regarding their claims as confirmed under clause (a), in such manner as may be specified Sub-Regulation (3) to (7) of Regulation 20 of IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 ;; (c) maintain an updated list of claims, in such manner as may be specified in Sub-Regulation (8) (9) of Regulation 20 of IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 ; (d) monitor management of the affairs of the corporate debtor; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts and such other persons as may be specified in the Regulation 9 of IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 ; (d) attend meetings of members, Board of Directors and committee of directors, or partners, as the case may be, of the corporate debtor; (e) appoint accountants, legal or other professionals in such manner as may be specified in Regulation 10 of IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 (f) collect all information relating to the assets, finances and operations of the corporate debtor for determining the financial position of the corporate debtor and the existence of any transactions that may be within the scope of provisions relating to a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of section 19 shall, mutatis mutandis apply, in relation to the proceedings under this Chapter. [ Sub-section (5) ] Fee to be charge by the Resolution professional [ Section 54F(6) (7) ] The fees of the resolution 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 subject to ratification by it. [ Sub- section (6) ] The fees and expenses referred to in sub-secti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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