S1 Ep4 Who Runs the Company During Insolvency? | IBC Series

Who runs a company after insolvency begins?In Part 4 of our Insolvency & Bankruptcy Code (IBC) Series, we continue the story of ABC Steel to understand the role of the Interim Resolution Professional (IRP), why the law transfers management to an independent professional, and what changes once the Corporate Insolvency Resolution Process (CIRP) begins.Relevant Provisions:• Section 5(27) – Resolution Professional• Section 16 – Appointment of IRP• Section 17 – Management of Affairs• Section 18 – Duties of IRP• Section 20 – Management as a Going Concern📘 Read the Insolvency & Bankruptcy Code (Official IBBI Website):👉 https://ibbi.gov.in/uploads/legalframwork/2026-04-07-115842-i5nsk-7ed69ef2a4d23a8b0d472cc0fcd55e79.pdf