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Interim Resolution Professional (IRP) Services | Savlana Init
Insolvency Advisory

Interim Resolution Professional (IRP) — Appointment. Compliance. Process Management.

Advisory support relating to the appointment, functioning, and compliance requirements of the Interim Resolution Professional.

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The Interim Resolution Professional plays a central role at the start of the corporate insolvency resolution process, taking over management and constituting the committee of creditors.

We support applicants and stakeholders in matters relating to the appointment, functioning, and compliance obligations of the IRP.

Our advisory covers process guidance during the initial phase of CIRP, including public announcement, claims collation, and committee formation.

Our IRP Support Services

IRP Appointment Support

Advisory support relating to the appointment of the interim resolution professional.

Public Announcement Coordination

Support in coordinating the public announcement following IRP appointment.

Claims Collation

Assistance in receiving and collating claims submitted by creditors.

Committee of Creditors Formation

Support in constituting the committee of creditors based on claims.

Management Takeover Support

Advisory support during the transition of management to the IRP.

Regulatory Filings

Preparing filings required to be made by or in respect of the IRP.

Stakeholder Communication

Support in communication with creditors and other stakeholders.

Compliance Monitoring

Monitoring compliance with timelines applicable to the IRP's role.

Our Process

1

Appointment Review

Reviewing the basis and requirements for IRP appointment.

2

Public Announcement

Coordinating the public announcement inviting claims from creditors.

3

Claims Collation

Collating claims received from financial and operational creditors.

4

Committee Formation

Supporting formation of the committee of creditors based on claims.

5

Handover

Supporting transition from IRP to a confirmed resolution professional.

Why It Matters

✓Structured support for IRP appointment matters
✓Coordinated public announcement process
✓Organised claims collation from creditors
✓Timely constitution of committee of creditors
✓Compliance with statutory timelines
✓Experience with early-stage CIRP requirements
✓Clear stakeholder communication support
✓Smooth transition to resolution professional

Frequently Asked Questions

An Interim Resolution Professional is appointed at the commencement of the corporate insolvency resolution process to manage the affairs of the corporate debtor.
The IRP takes over management of the corporate debtor, makes a public announcement, collates claims, and constitutes the committee of creditors.
The IRP functions during the initial phase of CIRP, while the Resolution Professional is typically confirmed by the committee of creditors to continue the process thereafter.
The public announcement invites claims from creditors and provides details of the corporate insolvency resolution process to stakeholders.
The IRP typically functions for a limited initial period until the committee of creditors confirms or replaces them with a resolution professional.
Yes, we assist creditors in preparing and submitting claims during the public announcement period.

Need support relating to an IRP appointment or process?

We assist with IRP appointment, claims collation, and committee formation.

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  • Suit No. 102, L1, Ashok Premises, Nicholas Road, Andheri (East), Mumbai – 400069
  • + 91 9819 000 511 +91 9167 058 000 +91 9821 83 26 83
  • nainitsavla@savlagroup.in natasha@savlagroup.in