Resolution Professional

A Resolution Professional is a qualified expert appointed to oversee and manage the recovery of a financially distressed company under the Insolvency and Bankruptcy Code. Their role is to assess the company's assets and liabilities, facilitate negotiations with creditors, and develop a plan to either revive the company or sell its assets to pay off debts. Essentially, they act as a neutral administrator tasked with maximizing the value of the company’s assets for the benefit of creditors, ensuring an orderly and transparent resolution process during financial distress.