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A Resolution Professional was first identified as an important participant in corporate bankruptcy resolution under the Bankruptcy and Bankruptcy Code (IBC). The National Company Law Tribunal (NCLT) appoints RPs to supervise the procedure, balancing the interests of creditors and optimizing asset value. They develop resolution strategies, support creditor committees, and carry out due diligence. Notwithstanding obstacles like time restraints and legal scrutiny, A Resolution Professional supports the bankruptcy ecosystem, boosts creditor trust, and saves viable companies, all of which promote economic development and stability.
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Ad Detail: Job Roles of a Resolution Professional
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