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Insolvency and Bankruptcy

Home Acts & Rules Insolvency and Bankruptcy Act Insolvency and Bankruptcy Code, 2016 Chapter III (of Part II) = LIQUIDATION PROCESS Chapters List This

LIQUIDATION PROCESS - Insolvency and Bankruptcy Code, 2016
Chapter: III (of Part II)
LIQUIDATION PROCESS
Section 33 : Initiation of Liquidation.
Section 34 : Appointment of Liquidator and fee to be paid.
Section 35 : Powers and duties of Liquidator.
Section 36 : Liquidation Estate.
Section 37 : Powers of Liquidator to access information.
Section 38 : Consolidation of claims.
Section 39 : Verification of claims.
Section 40 : Admission or rejection of claims.
Section 41 : Determination of valuation of claims.
Section 42 : Appeal against the decision of Liquidator.
Section 43 : Preferential transactions and relevant time.
Section 44 : Order in case of preferential transactions.
Section 45 : Avoidance of undervalued transactions.
Section 46 : Relevant period for avoidable transactions.
Section 47 : Application by creditor in cases of undervalued transactions.
Section 48 : Order in cases of undervalued transactions.
Section 49 : Transactions defrauding creditors.
Section 50 : Extortionate credit transactions.
Section 51 : Orders of Adjudicating Authority in respect of extortionate credit transactions.
Section 52 : Secured creditor in liquidation proceedings.
Section 53 : Distribution of assets.
Section 54 : Dissolution of corporate debtor.
Chapter: III-A (of Part II)
PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS
Section 54A : Corporate debtors eligible for pre-packaged insolvency resolution process
Section 54B : Duties of resolution professional before initiation of pre-packaged insolvency resolution process
Section 54C : Application to initiate prepackaged insolvency resolution process
Section 54D : Time-limit for completion of pre-packaged insolvency resolution process
Section 54E : Declaration of moratorium and public announcement during prepackaged insolvency resolution process
Section 54F : Duties and powers of resolution professional during prepackaged insolvency resolution process
Section 54G : List of claims and preliminary information memorandum
Section 54H : Management of affairs of corporate debtor
Section 54I : Committee of creditors
Section 54J : Vesting management of corporate debtor with resolution professional
Section 54K : Consideration and approval of resolution plan
Section 54L : Approval of resolution plan
Section 54M : Appeal against order under section 54L
Section 54N : Termination of pre-packaged insolvency resolution process
Section 54O : Initiation of corporate insolvency resolution process
Section 54P : Application of provisions of Chapters II, III, VI, and VII to this Chapter
 

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