The Insolvency and Bankruptcy Code, 2016.
The Insolvency and Bankruptcy Code, 2016 is an Indian legislation that consolidates the existing framework for insolvency and bankruptcy.
"InsolvencyBankruptcyCorporate Insolvency ResolutionLiquidationRegulatorInsolvency And Bankruptcy Board Of India"
Summary
The Insolvency and Bankruptcy Code, 2016 is an Indian legislation that aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals. The code seeks to establish a time-bound and efficient insolvency resolution process and provide for the liquidation of assets in a time-bound manner. The code also provides for the establishment of a regulator, the Insolvency and Bankruptcy Board of India, and other institutional infrastructure to facilitate the implementation of the code.
Table of Contents
Showing up to 15 free sections
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title, Extent And Commencement | Open |
| 2 | Section 2: Application | Open |
| 3 | Section 3: Definitions | Open |
| 4 | Section 4: Application Of This Part | Open |
| 5 | Section 5: Definitions | Open |
| 6 | Section 7: Initiation Of Corporate Insolvency Resolution Process By Financial Creditor | Open |
| 7 | Section 8: Insolvency Resolution By Operational Creditor | Open |
| 8 | Section 9: Application For Initiation Of Corporate Insolvency Resolution Process By Operational Creditor | Open |
| 9 | Section 10: Initiation Of Corporate Insolvency Resolution Process By Corporate Applicant | Open |
| 10 | Section 11: Persons Not Entitled To Make Application | Open |
| 11 | Section 11A: Disposal Of Applications Under Section 54C And Under Section 7 Or Section 9 Or Section 10 | Open |
| 12 | Section 12: Time-Limit For Completion Of Insolvency Resolution Process | Open |
| 13 | Section 12A: Withdrawal Of Application Admitted Under Section 7, 9 Or 10 | Open |
| 14 | Section 13: Declaration Of Moratorium And Public Announcement | Open |
| 15 | Section 14: Moratorium | Open |
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