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Insolvency and Bankruptcy Code, 2016
0 chapters · 285 sections · 12 schedules
Divisions
17
1
Preliminary
2
Insolvency Resolution and Liquidation For Corporate Persons
3
Insolvency Resolution and Bankruptcy For Individuals and Partnership Firms
4
Regulation of Insolvency Professionals, Agencies and Information Utilities
5
Miscellaneous
S
Amendment to the Indian Partnership Act, 1932
S
Amendment to the Central Excise Act, 1944
S
Amendment to the Income-Tax Act, 1961
S
Amendment to the Customs Act, 1962
S
Amendments to the Recovery of Debts Due to Banks and Financial Institutions Act, 1993
S
Amendment to the Finance Act, 1994
S
Amendment to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
S
Amendment to the Sick Industrial Companies (Special Provisions) Repeal Act, 2003
S
Amendments to the Payment and Settlement Systems Act, 2007
S
Amendment to the Limited Liability Partnership Act, 2008
S
Amendments to the Companies Act, 2013
S
Acts For the Purposes of Clause (D) of Section 29a
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Insolvency and Bankruptcy Code
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Part 3
Part 3
Insolvency Resolution and Bankruptcy For Individuals and Partnership Firms
112 sections (78–187)
78
Application
79
Definitions
80
Eligibility for making an application
81
Application for fresh start order
82
Appointment of resolution professional
83
Examination of application by resolution professional
84
Admission or rejection of application by Adjudicating Authority
85
Effect of admission of application
86
Objections by creditor and their examination by resolution professional
87
Application against decision of resolution professional
88
General duties of debtor
89
Replacement of resolution professional
90
Directions for compliances of restrictions, etc
91
Revocation of order admitting application
92
Discharge order
93
Standard of conduct
94
Application by debtor to initiate insolvency resolution process
95
Application by creditor to initiate insolvency resolution process
96
Interim moratorium
97
Appointment of resolution professional
98
Replacement of resolution professional
99
Submission of report by resolution professional
100
Admission or rejection of application
101
Moratorium
102
Public notice and claims from creditors
103
Registering of claims by creditors
104
Preparation of list of creditors
105
Repayment plan
106
Report of resolution professional on repayment plan
107
Summoning of meeting of creditors
108
Conduct of meeting of creditors
109
Voting rights in meeting of creditors
110
Rights of secured creditors in relation to repayment plan
111
Approval of repayment plan by creditors
112
Report of meeting of creditors on repayment plan
113
Notice of decisions taken at meeting of creditors
114
Order of Adjudicating Authority on repayment plan
115
Effect of order of Adjudicating Authority on repayment plan
116
Implementation and supervision of repayment plan
117
Completion of repayment plan
118
Repayment plan coming to end prematurely
119
Discharge order
120
Standard of conduct
121
Application for bankruptcy
122
Application by debtor
123
Application by creditor
124
Effect of application
125
Appointment of insolvency professional as bankruptcy trustee
126
Bankruptcy order
127
Validity of bankruptcy order
128
Effect of bankruptcy order
129
Statement of financial position
130
Public notice inviting claims from creditors
131
Registration of claims
132
Preparation of list of creditors
133
Summoning of meeting of creditors
134
Conduct of meeting of creditors
135
Voting rights of creditors
136
Administration and distribution of estate of bankrupt
137
Completion of administration
138
Discharge order
139
Effect of discharge
140
Disqualification of bankrupt
141
Restrictions on bankrupt
142
Modification or recall of bankruptcy order
143
Standard of conduct
144
Fees of bankruptcy trustee
145
Replacement of bankruptcy trustee
146
Resignation by bankruptcy trustee
147
Vacancy in office of bankruptcy trustee
148
Release of bankruptcy trustee
149
Functions of bankruptcy trustee
150
Duties of bankrupt towards bankruptcy trustee
151
Rights of bankruptcy trustee
152
General powers of bankruptcy trustee
153
Approval of creditors for certain acts
154
Vesting of estate of bankrupt in bankruptcy trustee
155
Estate of bankrupt
156
Delivery of property and documents to bankruptcy trustee
157
Acquisition of control by bankruptcy trustee
158
Restrictions on disposition of property
159
After-acquired property of bankrupt
160
Onerous property of bankrupt
161
Notice to disclaim onerous property
162
Disclaimer of leaseholds
163
Challenge against disclaimed property
164
Undervalued transactions
164A
Transactions defrauding creditors
165
Preference transactions
166
Effect of order
167
Extortionate credit transactions
168
Obligation under contracts
169
Continuance of proceedings on death of bankrupt
170
Administration of estate of deceased bankrupt
171
Proof of debt
172
Proof of debt by secured creditors
173
Mutual credit and set-off
174
Distribution of interim dividend
175
Distribution of property
176
Final dividend
177
Claims of creditors
178
Priority of payment of debts
179
Adjudicating authority for individuals and partnership firms
180
Civil court not to have jurisdiction
181
Appeal to Debt Recovery Appellate Tribunal
182
Appeal to Supreme Court
183
Expeditious disposal of applications
183A
Penalty for initiating frivolous or vexatious proceedings under Part III
184
Punishment for false information, etc., by creditor in insolvency resolution process
185
Punishment for contravention of provisions
186
Punishment for false information, concealment, etc., by bankrupt
187
Punishment for certain actions
Part 2
Insolvency Resolution and Liquidation For Corporate Persons
Part 4
Regulation of Insolvency Professionals, Agencies and Information Utilities
