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Section 19 - Insolvency and Bankruptcy Code Act, 2016
19. Personnel to extend co-operation to interim resolution professional.-
(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 co-operation 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.
Related Sections
- Section 24: Meeting of committee of creditors
- Section 70: Punishment for misconduct in course of corporate insolvency resolution process
- Section 55: Fast track corporate insolvency resolution process
- Section 94: Application by debtor to initiate insolvency resolution process
- Section 172: Proof of debt by secured creditors