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Acts
  • Insolvency & Bankruptcy Code
  • Other Acts
273 Records
Section - 1
Short title, extend and commencement
Section - 2
Application
Section - 3
Definitions
Section - 4
Application of this Part
Section - 5
Definitions
Section - 6
Persons who may initiate corporate insolvency resolution process
Section - 7
Initiation of corporate insolvency resolution process by financial creditor
Section - 8
Insolvency resolution by operational creditor
Section - 9
Application for initiation of corporate insolvency resolution process by operational creditor
Section - 10
Initiation of corporate insolvency resolution process by corporate applicant
Section - 11
Persons not entitled to make application
Section - 12
Time-limit for completion of insolvency resolution process
Section - 12A
Withdrawal of application admitted under section 7, 9 or 10
Section - 13
Declaration of moratorium and public announcement
Section - 14
Moratorium
Section - 15
Public announcement of corporate insolvency resolution process
Section - 16
Appointment and tenure of interim resolution professional
Section - 17
Management of affairs of corporate debtor by interim resolution professional
Section - 18
Duties of interim resolution professional
Section - 19
Personnel to extend cooperation to interim resolution professional
Section - 20
Management of operations of corporate debtor as going concern
Section - 21
Committee of creditors
Section - 22
Appointment of resolution professional
Section - 23
Resolution professional to conduct corporate insolvency resolution process
Section - 24
Meeting of committee of creditors
Section - 25
Duties of resolution professional
Section - 25A
Rights and duties of authorised representative of financial creditors.
Section - 26
Application for avoidance of transactions not to affect proceedings.
Section - 27
Replacement of resolution professional by committee of creditors
Section - 28
Approval of committee of creditors for certain actions
Section - 29
Preparation of information memorandum
Section - 29A
Persons not eligible to be resolution applicant
Section - 30
Submission of resolution plan
Section - 31
Approval of resolution plan
Section - 32
Appeal.
Section - 33
Initiation of Liquidation
Section - 34
Appointment of Liquidator and fee to be paid
Section - 35
Powers and duties of Liquidator.
Section - 36
Liquidation Estate
Section - 37
Powers of Liquidator to access information
Section - 38
Consolidation of claims
Section - 39
Verification of claims
Section - 40
Admission or rejection of claims
Section - 41
Determination of valuation of claims
Section - 42
Appeal against the decision of Liquidator
Section - 43
Preferential transactions and relevant time
Section - 44
Order in case of preferential transactions
Section - 45
Avoidance of undervalued transactions
Section - 46
Relevant period for avoidable transactions
Section - 47
Application by creditor in cases of undervalued transactions
Section - 48
Order in cases of undervalued transactions
Section - 49
Transactions defrauding creditors
Section - 50
Extortionate credit transactions
Section - 51
Orders of Adjudicating Authority in respect of extortionate credit transactions
Section - 52
Secured creditor in liquidation proceedings
Section - 53
Distribution of assets
Section - 54
Dissolution of corporate debtor
Section - 55
Fast track corporation insolvency resolution process
Section - 56
Time period for completion of fast track corporate insolvency resolution process
Section - 57
Manner of initiating fact track corporate insolvency resolution process
Section - 58
Applicability of Chapter II to this Chapter
Section - 59
Voluntary Liquidation of corporate persons
Section - 60
Adjudicating Authority for corporate persons
Section - 61
Appeals and Appellate Authority
Section - 62
Appeal to Supreme Court
Section - 63
Civil court not to have jurisdiction
Section - 64
Expeditious disposal of applications
Section - 65
Fraudulent or malicious initiation of proceedings
Section - 66
Fraudulent trading or wrongful trading
Section - 67
Proceedings under section 66
Section - 68
Punishment for concealment or property
Section - 69
Punishment for transactions defrauding creditors
Section - 70
Punishment for misconduct in courses of corporate insolvency resolution process
Section - 71
Punishment for falsification of books of corporate debtor
Section - 72
Punishment for wilful and material omissions from statements relating to affairs of corporate debtor
Section - 73
Punishment for false representations to creditors
Section - 74
Punishment for contravention of moratorium or the resolution plan
Section - 75
Punishment for false information furnished in application
Section - 76
Punishment for non-disclosure of dispute or 1[payment] of debt by operational creditor.
Section - 77
Punishment for providing false information in application made by corporate debtor
Section - 78
Application
Section - 79
Definitions
Section - 80
Eligibility for making an application
Section - 81
Application for fresh start order
Section - 82
Appointment of resolution professional
Section - 83
Examination of application by resolution professional
Section - 84
Admission or rejection of application by Adjudicating Authority
Section - 85
Effect of admission of application
Section - 86
Objections by creditor and their examination by resolution professional
Section - 87
Application against decision of resolution professional
Section - 88
General duties of debtor
Section - 89
Replacement of resolution professional
Section - 90
Directions for compliances of restrictions, etc
Section - 91
Revocation of order admitting application
Section - 92
Discharge order
Section - 93
Standard of conduct
Section - 94
Application by debtor to initiate insolvency resolution process
Section - 95
Application by creditor to initiate insolvency resolution process
Section - 96
Interim-moratorium
Section - 97
Appointment of resolution professional
Section - 98
Replacement of resolution professional
Section - 99
Submission of report by resolution professional
Section - 100
Admission or rejection of application
Section - 101
Moratorium
Section - 102
Public notice and claims form creditors
Section - 103
Registering of claims by creditors
Section - 104
Preparation of list of creditors
Section - 105
Repayment plan
Section - 106
Report of resolution professional on repayment plan
Section - 107
Summoning of meeting of creditors
Section - 108
Conduct of meeting of creditors
Section - 109
Voting rights in meeting of creditors
Section - 110
Rights of secured creditors in relation to repayment plan.
Section - 111
Approval of repayment plan by creditors
Section - 112
Report of meeting of creditors on repayment plan
Section - 113
Notice of decisions taken at meeting of creditors
Section - 114
Order of Adjudicating Authority on repayment plan
Section - 115
Effect of order of Adjudicating Authority on repayment plan
Section - 116
Implementation and supervision of repayment plan
Section - 117
Completion of repayment plan
Section - 118
Repayment plan coming to end prematurely
Section - 119
Discharge order
Section - 120
Standard of conduct
Section - 121
Application for bankruptcy
Section - 122
Application by debtor
Section - 123
Application by creditor
Section - 124
Effect of application
Section - 125
Appointment of insolvency professional as bankruptcy trustee.
Section - 126
Bankruptcy order
Section - 127
Validity of bankruptcy order
Section - 128
Effect of bankruptcy order
Section - 129
Statement of financial position
Section - 130
Public notice inviting claims from creditors
Section - 131
Registration of claims
Section - 132
Preparation of list of creditors
Section - 133
Summoning of meeting of creditors
Section - 134
Conduct of meeting of creditors
Section - 135
Voting rights of creditors
Section - 136
Administration and distribution of estate of bankrupt
Section - 137
Completion of administration
Section - 138
Discharge order
Section - 139
Effect of discharge
Section - 140
Disqualification of bankrupt
Section - 141
Restrictions on bankrupt
Section - 142
Modification or recall of bankruptcy order
Section - 143
Standard of conduct
Section - 144
Fees of bankruptcy trustee
Section - 145
Replacement of bankruptcy trustee
Section - 146
Resignation by bankruptcy trustee
Section - 147
Vacancy in office of bankruptcy trustee
Section - 148
Release of bankruptcy trustee
Section - 149
Functions of bankruptcy trustee
Section - 150
Duties of bankrupt towards bankruptcy trustee
Section - 151
Rights of bankruptcy trustee
Section - 152
General powers of bankruptcy trustee
Section - 153
Approval of creditors for certain acts
Section - 154
Vesting of estate of bankrupt in bankruptcy trustee
Section - 155
Estate of bankrupt
Section - 156
Delivery of property and documents to bankruptcy trustee
Section - 157
Acquisition of control by bankruptcy trustee
Section - 158
Restrictions on disposition of property
Section - 159
After-acquired property of bankrupt
Section - 160
Onerous property of bankrupt
Section - 161
Notice to disclaim onerous property
Section - 162
Disclaimer of leaseholds
Section - 163
Challenge against disclaimed property
Section - 164
Undervalued transactions
Section - 165
Preference transactions
Section - 166
Effect of order
Section - 167
Extortionate credit transactions
Section - 168
Obligations under contracts
Section - 169
Continuance of proceedings on death of bankrupt
Section - 170
Administration of estate of deceased bankrupt
Section - 171
Proof of debt
Section - 172
Proof of debt by secured creditors
Section - 173
Mutual credit and set-off
Section - 174
Distribution of interim dividend
Section - 175
Distribution of property
Section - 176
Final dividend
Section - 177
Claims of creditors
Section - 178
Priority of payment of debts
Section - 179
Adjudicating authority for individuals and partnership firms.
Section - 180
Civil court not to have jurisdiction
Section - 181
Appeal to Debt Recovery Appellate Tribunal
Section - 182
Appeal to Supreme Court
Section - 183
Expeditious disposal of applications
Section - 184
Punishment for false information, etc., by creditor in insolvency resolution process
Section - 185
Punishment for contravention of provisions
Section - 186
Punishment for false information, concealment, etc., by bankrupt
Section - 187
Punishment for certain actions
Section - 188
Establishment and incorporation of Board
Section - 189
Constitution of Board
Section - 190
Removal of member from office
Section - 191
Powers of Chairperson
Section - 192
Meetings of Board
Section - 193
Member not to participate in meetings in certain cases
Section - 194
Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board
Section - 195
Power to designate financial sector regulator
Section - 196
Powers and functions of Board
Section - 197
Constitution of advisory committee, executive committee or other committee
Section - 198
Condonation of delay
Section - 199
No person to function as insolvency professional agency without valid certificate of registration
Section - 200
Principles governing registration of insolvency professional agency
Section - 201
Registration of insolvency professional agency
Section - 202
Appeal to National Company Law Appellate Tribunal
Section - 203
Governing Board of insolvency professional agency
Section - 204
Functions of insolvency professional agencies
Section - 205
Insolvency professional agencies to make bye-laws
Section - 206
Enrolled and registered persons to act as insolvency professionals
Section - 207
Registration of insolvency professionals
Section - 208
Functions and obligations of insolvency professionals
Section - 209
No person to function as information utility without certificate of registration
Section - 210
Registration of information utility
Section - 211
Appeal to National Company Law Appellate Tribunal
Section - 212
Governing Board of information utility
Section - 213
Core services, etc., of information utilities
Section - 214
Obligations of information utility
Section - 215
Procedure for submission, etc., of financial information.
Section - 216
Rights and obligations of persons submitting financial information
Section - 217
Complaints against insolvency professional agency or its member or information utility
Section - 218
Investigation of insolvency professional agency or its member or information utility
Section - 219
Show cause notice to insolvency professional agency or its member or information utility
Section - 220
Appointment of disciplinary committee
Section - 221
Grants by Central Government
Section - 222
Board's Fund
Section - 223
Accounts and audit
Section - 224
Insolvency and Bankruptcy Fund
Section - 225
Power of Central Government to issue directions
Section - 226
Power of Central Government to supersede Board
Section - 227
Power of Central Government to notify financial service providers, etc
Section - 228
Budget
Section - 229
Annual Report
Section - 230
Delegation
Section - 231
Bar of jurisdiction
Section - 232
Members, officers and employees of Board to the public servants
Section - 233
Protection of action taken in good faith
Section - 234
Agreements with foreign countries
Section - 235
Letter of request to a country outside India in certain cases.
Section - 235A
Punishment where no specific penalty or punishment is provided
Section - 236
Trial of offences by Special Court
Section - 237
Appeal and revision
Section - 238
Provisions of this Code to override other laws
Section - 238A
Limitation
Section - 239
Power to make rules
Section - 240
Power to make regulations
Section - 240A
Application of this Code to micro, small and medium enterprises
Section - 241
Rules and regulations to be laid before Parliament
Section - 242
Power to remove difficulties
Section - 243
Repeal of certain enactments and savings
Section - 244
Transitional provisions
Section - 245
Amendments of Act 9 of 1932
Section - 246
Amendments of Act 1 of 1944
Section - 247
Amendments of Act 43 of 1961
Section - 248
Amendments of Act 52 of 1962
Section - 249
Amendments of Act 51 of 1993
Section - 250
Amendments of Act 32 of 1994
Section - 251
Amendments of Act 54 of 2002
Section - 252
Amendments of Act 1 of 2004
Section - 253
Amendments of Act 51 of 2007
Section - 254
Amendments of Act 6 of 2009
Section - 255
Amendments of Act 18 of 2013
First Schedule
Second Schedule
Third Schedule
Fourth Schedule
Fifth Schedule
Sixth Schedule
Seventh Schedule
Eighth Schedule
Ninth Schedule
Tenth Schedule
Eleventh Schedule
Twelfth Schedule
ACTS FOR THE PURPOSES OF CLAUSE (d) OF SECTION 29A