Section 92 of IBC : Section 92: Discharge Order

Explanation using Example

Imagine a scenario where Mr. A has filed for insolvency under the Insolvency and Bankruptcy Code, 2016. Mr. A has been unable to pay off his debts, and a resolution professional has been appointed to manage his assets and debts. As per Section 92(1), the resolution professional compiles all of Mr. A's debts that qualify under the insolvency proceedings and submits this list to the court (Adjudicating Authority) seven days before the moratorium period ends.

After the moratorium period, which is a temporary halt on debt collection, the Adjudicating Authority reviews the list and, according to **Section 92(2)*...

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