(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 cooperation 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.
Insolvency and Bankruptcy Code 2016
Section 11 Persons not entitled to make application
Section 12 Time-limit for completion of insolvency resolution process
Section 13 Declaration of moratorium and public announcement
Section 15 Public announcement of corporate insolvency resolution process
Section 16 Appointment and tenure of interim resolution professional
Section 17 Management of affairs of corporate debtor by interim resolution professional
Section 18 Duties of interim resolution professional
Section 19 Personnel to extend cooperation to interim resolution professional
Section 20 Management of operations of corporate debtor as going concern