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Insolvency and Bankruptcy

Home Acts & Rules Insolvency and Bankruptcy Regulation Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapters List This

Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

Chapter: I
PRELIMINARY
Regulation 1 : Short title, commencement and application
Regulation 2 : Definitions
Chapter: II
BANKRUPTCY TRUSTEE
Regulation 3 : Eligibility of bankruptcy trustee
Regulation 4 : Fees of bankruptcy trustee
Regulation 5 : Appointment of professionals
Regulation 6 : Registers and books
Regulation 7 : Reports by bankruptcy trustee
Regulation 8 : Preliminary report
Regulation 9 : Early completion of administration
Regulation 10 : Progress reports
Regulation 11 : Final report
Regulation 12 : Persons to extend cooperation
Regulation 13 : Preservation of records
Chapter: III
CLAIMS
Regulation 14 : Future claims
Regulation 15 : Negotiable instruments
Regulation 16 : Periodical payments
Regulation 17 : Determination of quantum of claim
Regulation 18 : Debt in foreign currency
Regulation 19 : Transfer of debt due to creditors
Regulation 20 : Committee of creditors
Chapter: IV
MEETINGS OF COMMITTEE AND VOTING
Regulation 21 : Notice for meeting
Regulation 22 : Quorum
Regulation 23 : Conduct of meeting
Regulation 24 : Voting share
Regulation 25 : Voting by the committee
Regulation 26 : Voting by proxy
Chapter: V
REALISATION OF ASSETS
Regulation 27 : Mode of sale
Regulation 28 : Acquisition, etc., of after acquired property by bankrupt
Regulation 29 : Disclaimer of onerous property
Regulation 30 : Valuation of assets
Regulation 31 : Realisation of security interest
Chapter: VI
PROCEEDS OF BANKRUPTCY PROCESS AND DISTRIBUTION OF PROCEEDS
Regulation 32 : Bank account for bankruptcy process
Regulation 33 : Distribution of dividend to claimant of deceased creditor
Regulation 34 : Distribution of dividend
Regulation 35 : Return of amount
Regulation 36 : Unclaimed proceeds of bankruptcy or undistributed assets
Regulation 37 : Debt counselling
SCHEDULES
SCHEDULE-I : FEES OF BANKRUPTCY TRUSTEE
SCHEDULE-II : Mode of sale
 
 
 

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