(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.  (1) Any person who is or has been a personnel of the corporate debtor or its promoter or associated with the management of the corporate debtor, or engaged in a contract for service with the corporate debtor, shall extend all assistance and cooperation to the interim resolution professional as may be required by him for the purposes of managing the affairs of the corporate debtor or performing the duties conferred on him under this Chapter.;

(2) Where any personnel of the corporate debtor, its promoter any person referred to in sub-section (1)” shall be substituted 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 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  direct such person referred to in sub-section (1)” shall be substituted or other person to comply with the instructions of the resolution professional interim resolution professional and to cooperate with him in collection of information and management of the corporate debtor.

 Explanation.—For the purposes of this section, it is hereby clarified that references to the interim resolution professional shall also include references to the resolution professional.

IBBI notification dated 06.04.2026 regarding The Insolvency and Bankruptcy Code (Amendment) Act, 2026

IBC-Enforcement Notification [S.O.3594(E)] dated 30/11/2016

IBBI Clarification dated 13.11.2020 regarding Mistakes committed by insolvency professionals in conduct of corporate insolvency resolution process