THE INSOLVENCY & BANKRUPTCY CODE, 2016
- Persons who may initiate corporate insolvency resolution process.
- Initiation of corporate insolvency resolution process by financial creditor.
- Insolvency resolution by operational creditor.
- Application for initiation of corporate insolvency resolution process by operational creditor.
- Initiation of corporate insolvency resolution process by corporate applicant.
- Persons not entitled to make application.
- Time-limit for completion of insolvency resolution process.
- Declaration of moratorium and public announcement.
- Moratorium.
- Public announcement of corporate insolvency resolution process.
- Appointment and tenure of interim resolution professional.
- Management of affairs of corporate debtor by interim resolution professional.
- Duties of interim resolution professional.
- Personnel to extend cooperation to interim resolution professional.
- Management of operations of corporate debtor as going concern.
- Committee of creditors.
- Appointment of resolution professional.
- Resolution professional to conduct corporate insolvency resolution process.
- Meeting of committee of creditors.
- Duties of resolution professional.
- Application for avoidance of transactions not to affect proceedings.
- Replacement of resolution professional by committee of creditors.
- Approval of committee of creditors for certain actions.
- Preparation of information memorandum.
- Submission of resolution plan.
- Approval of resolution plan.
- Appeal.