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Home Acts & Rules IBC Act Insolvency and Bankruptcy Code, 2016 Chapter II (of Part II) = CORPORATE INSOLVENCY RESOLUTION PROCESS Chapters List This

CORPORATE INSOLVENCY RESOLUTION PROCESS - Insolvency and Bankruptcy Code, 2016
Chapter: II (of Part II)
CORPORATE INSOLVENCY RESOLUTION PROCESS
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 11A : Disposal of applications under section 54C and under section 7 or section 9 or section 10
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 32A : Liability for prior offences etc.
 

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