Home Acts & Rules IBC Rule Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 This
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Rule 3 - Definitions - Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016Extract Definitions 3. (1) In these Rules, unless the context otherwise requires,- (a) Code means the Insolvency and Bankruptcy Code, 2016 (31 of 2016); (b) corporate insolvency resolution process means the insolvency resolution process for corporate persons under Chapter II of Part II of the Code; (c) credit information company shall have the meaning as assigned to it under the Credit Information Companies (Regulation) Act, 2005 (30 of 2005); (d) financial contract means a contract between a corporate debtor and a financial creditor setting out the terms of the financial debt, including the tenure of the debt, interest payable and date of repayment; (e) Form means a Form appended to these rules; (f) identification number means the limited liability partnership identification number or the corporate identity number, as the case may be, of the corporate person; (g) Schedule means the Schedule appended to these rules. (2) All the words and expressions used herein and not defined shall have the meanings respectively assigned to them under the Code.
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