Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement.
Regulation 2	:	Definitions.
Regulation 2A	:	Record or evidence of default by financial creditor
Regulation 2B	:	Record or evidence of transaction, debt and default by operational creditor
Regulation 2C	:	Submission of information along with application
Regulation 2D	:	Details of debt, default and limitation in respect of applications under section 7 or section 9
Chapter: II
GENERAL
Regulation 3	:	Eligibility for resolution professional.
Regulation 3A	:	Assistance and cooperation by the personnel of the corporate debtor
Regulation 4	:	Access to books.
Regulation 4A	:	Choice of authorised representative
Regulation 4B	:	Disclosure of change in name and address of corporate debtor
Regulation 4C	:	Process e-mail
Regulation 4D	:	Operating separate bank account for each real estate project
Regulation 5	:	Extortionate credit transaction.
Chapter: III
PUBLIC ANNOUNCEMENT
Regulation 6	:	Public announcement.
Regulation 6A	:	Communication to creditors
Chapter: IV
PROOF OF CLAIMS
Regulation 7	:	Claims by operational creditors.
Regulation 8	:	Claims by financial creditors.
Regulation 8A	:	Claims by creditors in a class.
Regulation 9	:	Claims by workmen and employees.
Regulation 9A	:	Claims by other creditors.
Regulation 10	:	Substantiation of claims.
Regulation 11	:	Cost of proof.
Regulation 12	:	Submission of proof of claims.
Regulation 12A	:	Updation of claim
Regulation 13	:	Verification of claims.
Regulation 14	:	Determination of amount of claim.
Regulation 15	:	Debt in foreign currency.
Chapter: V
COMMITTEE OF CREDITORS
Regulation 16	:	Committee with only operational creditors.
Regulation 16A	:	Authorised representative
Regulation 16B	:	Committee with only creditors in a class
Regulation 17	:	First meeting of the committee.
Chapter: VI
MEETINGS OF THE COMMITTEE
Regulation 18	:	Meetings of the committee.
Regulation 19	:	Notice for meetings of the committee.
Regulation 20	:	Service of notice by electronic means.
Regulation 21	:	Contents of the notice for meeting.
Regulation 22	:	Quorum at the meeting.
Regulation 23	:	Participation through video conferencing.
Regulation 24	:	Conduct of meeting.
Chapter: VII
VOTING BY THE COMMITTEE
Regulation 25	:	Voting by the committee.
Regulation 25A	:	Voting by Authorised Representative
Regulation 26	:	Voting through electronic means.
Chapter: VIII
CONDUCT OF CORPORATE INSOLVENCY RESOLUTION PROCESS
Regulation 27	:	Appointment of Professionals
Regulation 28	:	Transfer of debt due to creditors.
Regulation 29	:	Sale of assets outside the ordinary course of business.
Regulation 30	:	Assistance of local district administration.
Regulation 30A	:	Withdrawal of application
Regulation 30B	:	Audit of corporate debtor
Chapter: IX
INSOLVENCY RESOLUTION PROCESS COSTS
Regulation 31	:	Insolvency resolution process costs.
Regulation 31A	:	Regulatory Fee
Regulation 31B	:	Approval of committee for insolvency resolution process costs
Regulation 32	:	Essential supplies.
Regulation 33	:	Costs of the interim resolution professional.
Regulation 34	:	Resolution professional costs.
Regulation 34A	:	Disclosure of Costs
Regulation 34B	:	Fee to be paid to interim resolution professional and resolution professional
Chapter: X
RESOLUTION PLAN
Regulation 35	:	Fair value and Liquidation value.
Regulation 35A	:	Preferential and other transactions.
Regulation 36	:	Information memorandum.
Regulation 36A	:	Invitation of Resolution Plans
Regulation 36B	:	Request for resolution plans.
Regulation 36C	:	Strategy for marketing of assets of the corporate debtor.
Regulation 37	:	Resolution plan.
Regulation 38	:	Mandatory contents of the resolution plan.
Regulation 39	:	Approval of resolution plan.
Regulation 39A	:	Preservation of records
Regulation 39B	:	Meeting liquidation cost
Regulation 39BA	:	Assessment of Compromise or Arrangement
Regulation 39C	:	Assessment of sale as a going concern
Regulation 39D	:	Fee of the liquidator
Regulation 40	:	Extension of the corporate insolvency resolution process period.
Regulation 40A	:	Model time-line for corporate insolvency resolution process
Regulation 40B	:	Filing of Forms
Regulation 40C	:	Special provision relating to time-line
Regulation 40D	:	Decision for liquidation
Schedules
SCHEDULE-I - FORM A	:	PUBLIC ANNOUNCEMENT
SCHEDULE-I - FORM AA	:	WRITTEN CONSENT TO ACT AS RESOLUTION PROFESSIONAL
SCHEDULE-I - FORM AB	:	WRITTEN CONSENT TO ACT AS AUTHORISED REPRESENTATIVE
SCHEDULE-I - FORM B	:	PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES
SCHEDULE-I - FORM C	:	SUBMISSION OF CLAIM BY FINANCIAL CREDITORS
SCHEDULE-I - FORM CA	:	SUBMISSION OF CLAIM BY FINANCIAL CREDITORS IN A CLASS
SCHEDULE-I - FORM D	:	PROOF OF CLAIM BY A WORKMAN OR AN EMPLOYEE
SCHEDULE-I - FORM E	:	PROOF OF CLAIM SUBMITTED BY AUTHORISED REPRESENTATIVE OF WORKMEN AND EMPLOYEES
SCHEDULE-I - FORM F	:	PROOF OF CLAIM BY CREDITORS (OTHER THAN FINANCIAL CREDITORS AND OPERATIONAL CREDITORS)
SCHEDULE-I - FORM FA	:	APPLICATION FOR WITHDRAWAL OF CORPORATE INSOLVENCY RESOLUTION PROCESS
SCHEDULE-I - FORM G	:	INVITATION FOR EXPRESSION OF INTEREST
Regulation Schedule-II	:	Minimum Fixed Fee Structure