The Insolvency and Bankruptcy Code `2016

An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.

List of Chapters & Sections

  1. PRELIMINARY

  2. CHAPTER I PRELIMINARY

  3. CHAPTER II CORPORATE INSOLVENCY RESOLUTION PROCESS

  4. CHAPTER III LIQUIDATION PROCESS

  5. CHAPTER IV FAST TRACK CORPORATE INSOLVENCY RESOLUTION PROCESS

  6. CHAPTER V VOLUNTARY LIQUIDATION OF CORPORATE PERSONS

  7. CHAPTER VI ADJUDICATING AUTHORITY FOR CORPORATE PERSONS

  8. CHAPTER VII OFFENCES AND PENALTIES

  9. CHAPTER I PRELIMINARY

  10. CHAPTER II FRESH START PROCESS

  11. CHAPTER III INSOLVENCY RESOLUTION PROCESS

  12. CHAPTER IV BANKRUPTCY ORDER FOR INDIVIDUALS AND PARTNERSHIP FIRMS

  13. CHAPTER V ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT

  14. CHAPTER VI ADJUDICATING AUTHORITY FOR INDIVIDUALS AND PARTNERSHIP FIRMS

  15. CHAPTER VII OFFENCES AND PENALTIES

  16. CHAPTER I THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA

  17. CHAPTER II POWERS AND FUNCTIONS OF THE BOARD

  18. CHAPTER III INSOLVENCY PROFESSIONAL AGENCIES

  19. CHAPTER IV INSOLVENCY PROFESSIONALS

  20. CHAPTER V INFORMATION UTILITIES

  21. CHAPTER VI INSPECTION AND INVESTIGATION

  22. CHAPTER VII FINANCE, ACCOUNTS AND AUDIT

  23. MISCELLANEOUS