Overview of insolvency professional services
"Insolvency Professional services, as the name indicates, are the group of individuals involved in the resolution process of the entity/person when he is covered under the insolvency and bankruptcy code ( IBC ). They are registered with the Insolvency and Bankruptcy Board of India(IBBI).The following category of individuals work together to help or individuals come out of stressed / debt:
Interim Resolution Professional: Interim Resolution professional is a significant part of the corporate insolvency process of any corporate debtor.
The liquidator is involved in the liquidation process of corporate debtors."