(1) The resolution professional shall prepare an information memorandum in such form and manner containing such relevant information as may be specified by the Board for formulating a resolution plan.
(2) The resolution professional shall provide to the resolution applicant access to all relevant information in physical and electronic form, provided such resolution applicant undertakes-
(a) to comply with provisions of law for the time being in force relating to confidentiality and insider trading;
(b) to protect any intellectual property of the corporate debtor it may have access to; and
(c) not to share relevant information with third parties unless clauses (a) and (b) of this sub-section are complied with.
Explanation.-For the purposes of this section, "relevant information" means the information required by the resolution applicant to make the resolution plan for the corporate debtor, which shall include the financial position of the corporate debtor, all information related to disputes by or against the corporate debtor and any other matter pertaining to the corporate debtor as may be specified.
Insolvency and Bankruptcy Code 2016
Section 21 Committee of creditors
Section 22 Appointment of resolution professional
Section 23 Resolution professional to conduct corporate insolvency resolution process
Section 24 Meeting of committee of creditors
Section 25 Duties of resolution professional
Section 26 Application for avoidance of transactions not to affect proceedings
Section 27 Replacement of resolution professional by committee of creditors
Section 28 Approval of committee of creditors for certain actions
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