Where any insolvency resolution, fresh start, liquidation or bankruptcy process has been initiated, it shall be the function of the insolvency professional to—

1. take such actions as may be necessary, in the manner as may be specified by the Board, during the insolvency resolution, fresh start, liquidation and bankruptcy process, as the case may be;
2. comply with all requirements and terms and conditions specified by the Board; and
3. take all steps necessary to ensure that the value of the assets of the corporate debtor, debtor or bankrupt, as the case may be, is maximised and adequate protection is given to the interests of all creditors.