• To convene and conduct first meeting of committee of creditors with due notice, appropriate contents, quorum at the meeting and assure and manage voting, if required.
    • To monitor the assets of the corporate debtor and manage its operations.
    • To file information collected with the information utility, if necessary.
    • To take control and custody of all the asset of the corporate debtor including.
  • To apply and obtain help from local administration by making an application to Adjudicating Authority. Such help may be required for assuring Police help for taking over custody of the assets, getting access to the premises for management of the corporate debtor as running concern, protecting assets of the corporate debtor from theft, etc.
  • To appoint registered valuers for valuation of Immovable properties, Plant and machinery and financial assets (within 7 days of our appointment).
  • To appoint Legal consultants, accountants, financial and other Professionals.
    • To call upon the promoters or any other person associated with the management of the corporate debtor, for the assistance/ information from them as may be required in managing the affairs of the corporate debtor.
  • To issue instructions to personnel of the corporate debtor as may be necessary for management of the business as running concern and to protect the assets of the corporate debtor.
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