IBC 19 — Personnel to extend cooperation to interim resolution professional

Insolvency & Bankruptcy Code, 2016

Statutory text

(1) The personnel of the corporate  debtor,  its  promoters  or  any  other  person  associated  with  the  management  of  the  corporate debtor  shall  extend  all  assistance  and  cooperation  to  the  interim  resolution  professional  as  may  be required by him in managing the affairs of the corporate debtor.
(2) Where any personnel of the corporate debtor, its promoter or any other person required to assist or cooperate  with  the  interim  resolution  professional  does  not  assist  or  cooperate,  the  interim  resolution professional may make an application to the Adjudicating Authority for necessary directions.
(3) The Adjudicating Authority, on receiving an application under sub-section (2), shall by an order, direct such personnel or other person to comply with the instructions of the resolution professional and to cooperate with him in collection of information and management of the corporate debtor.

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