Section - 1
Short title, extend and commencement
Section - 4
Application of this Part
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 - 10A
Suspension of initiation of corporate insolvency resolution process
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 - 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 - 32A
Liability for prior offences, etc.
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 - 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 - 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 - 229
Annual Report
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
Twelfth Schedule
ACTS FOR THE PURPOSES OF CLAUSE (d) OF SECTION 29A
