In the "Resolution Process", define the functions of Insolvency Professionals. Is their contribution being noticed ?

Under Section 3(19) of Insolvency and Bankruptcy Code, 2016, Insolvency Professional (IP) means a person enrolled under Section 206 of the Code with an Insolvency Professional Agency as its member and registered with the IBBI under section 207 of the Code. The Code provides for IP as intermediaries who would play a key role in the efficient working of the insolvency and bankruptcy process. The functions performed by Insolvency Professionals are: Conducting Resolution Process; Conducting Meeting of Creditors; Management of operations of corporate debtor as going concern; Preparation of Information Memorandum; Submission of resolution plan; and Conducting of Liquidation process under the order of Adjudicating Authority if the resolution plan is not accepted or approved, etc. The contribution of IPs has become significant and Professional Bodies are imparting Training such that more IPs come to this profession. The contribution has just been initiated, but the role shall be greater and more prominent in future for IPs.