24-Sep-2026 11:29 AM
Sir, during the lecture, you mentioned that under Section 10 of the IBC, 2016, recommending the name of an Interim Resolution Professional is not applicable. However, Google says that it is mandatory to propose the name of an Interim Resolution Professional. Could you please clarify this?
Hello Kanishaa, I hope you are doing good in studies. Answer to your doubt: Prior to amendment the below provision is there in section 10: The corporate applicant shall, along with the application, furnish the information relating to the resolution professional proposed to be appointed as an interim resolution professional; Now after the amendment this provision is removed. So in current position recommending the name of an Interim Resolution Professional is not applicable for Section 10.
Answer given by Shubhamm Sir at 25-Sep-2026 02:05 PM
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