valid as on 23/04/2024

1.9.3- Insolvency and Bankruptcy (pre-packaged insolvency resolution process) Rules, 2021

3. Definitions. –

(1) In these rules, unless the context otherwise requires, –

(a) “Code” means the Insolvency and Bankruptcy Code, 2016 (31 of 2016);

(b) “pre-packaged insolvency resolution process” means the insolvency resolution process for corporate persons under Chapter III-A of Part II of the Code;

(c) “Form” means a Form appended to these rules; and

(d) “identification number” means the limited liability partnership identification number or the corporate identity number, as the case may be, of the corporate person.

(2) Unless the context otherwise requires, words and expressions used and not defined herein, shall have the same meaning respectively assigned to them in the Code.


Insolvency and Bankruptcy (prepackaged insolvency resolution process) Rules, 2021 dated 09.04.2021


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