29. (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.