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CS Professional · Insolvency and Bankruptcy - Law and Practice · Corporate Insolvency Resolution Process

The Adjudicating Authority admits an operational creditor's application against Rohini Components Ltd and appoints Mr. Iyer as interim resolution professional. When must the public announcement of the CIRP be made, according to section 13?

The public announcement must be made immediately after the interim resolution professional is appointed, as section 13(2) provides. It is not delayed until the committee of creditors is formed, nor made before the appointment, and it is not linked to the last date for submitting claims.

  1. AWithin seven days of the committee of creditors being constituted
  2. BImmediately after the appointment of the interim resolution professionalCorrect
  3. COn the last date for submission of claims
  4. DBefore the Adjudicating Authority appoints the interim resolution professional

Explanation

Section 13(2) says the public announcement must be made immediately after the appointment of the interim resolution professional. It therefore cannot precede the appointment, and it is not tied to the formation of the committee of creditors or to the claims deadline.

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