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Insolvency and Bankruptcy

Home Acts & Rules Insolvency and Bankruptcy Regulation Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 Chapters List This

Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021

Chapter: I
PRELIMINARY
Regulation 1 : Short title and commencement
Regulation 2 : Definitions
Chapter: II
GENERAL
Regulation 3 : Meetings and communication
Regulation 4 : Essential supplies
Regulation 5 : Extortionate credit transaction
Regulation 6 : Pre-packaged insolvency resolution process costs
Chapter: III
RESOLUTION PROFESSIONAL
Regulation 7 : Eligibility for resolution professional
Regulation 8 : Fee of resolution professional
Regulation 9 : Access to books
Regulation 10 : Appointment of professionals
Regulation 11 : Disclosure of costs
Regulation 12 : Preservation of records
Regulation 13 : Filing of reports and forms
Chapter: IV
INITIATION OF PROCESS
Regulation 14 : Approvals by financial creditors
Regulation 15 : Choice of authorised representative
Regulation 16 : Declarations
Regulation 17 : Report by resolution professional
Regulation 18 : Information to be furnished by the applicant
Chapter: V
PUBLIC ANNOUNCEMENT AND CLAIMS
Regulation 19 : Public announcement
Regulation 20 : List of claims
Regulation 21 : Determination of amount of claim
Regulation 22 : Debt in foreign currency
Regulation 23 : Transfer of debt due to creditors
Chapter: VI
COMMITTEE OF CREDITORS
Regulation 24 : Committee with only creditors in a class
Regulation 25 : Committee with only operational creditors
Regulation 26 : Change in committee
Chapter: VII
MEETINGS OF THE COMMITTEE
Regulation 27 : Meetings of the committee
Regulation 28 : Notice for meetings of the committee
Regulation 29 : Service of notice
Regulation 30 : Contents of the notice for meeting
Regulation 31 : Quorum
Regulation 32 : Participation through video conferencing
Regulation 33 : Conduct of meeting
Regulation 34 : Committee with creditors in a class
Regulation 35 : Voting by the committee
Regulation 36 : Voting by authorised representative
Regulation 37 : Voting through electronic means
Chapter: VIII
VALUATION AND INFORMATION MEMORANDUM
Regulation 38 : Appointment of registered valuers
Regulation 39 : Fair value and liquidation value
Regulation 40 : Information memorandum
Regulation 41 : Preferential and other transactions
Chapter: IX
RESOLUTION PLAN
Regulation 42 : Scoring and improvement of resolution plans
Regulation 43 : Invitation for resolution plans
Regulation 44 : Resolution plan
Regulation 45 : Mandatory contents of resolution plan
Regulation 46 : Submission of resolution plans
Regulation 47 : Evaluation of resolution plans
Regulation 48 : Approval of resolution plan
Regulation 49 : Application to Adjudicating Authority
Chapter: X
MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR
Regulation 50 : Management during the process
Regulation 51 : Vesting of the management with resolution professional
SCHEDULE
FORM P01 : WRITTEN CONSENT
FORM P02 : LIST OF CREDITORS OF [NAME OF CORPORATE DEBTOR]
FORM P03 : APPROVAL OF TERMS OF APPOINTMENT OF RESOLUTION PROFESSIONAL
FORM P04 : APPROVAL FOR INITIATING PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS OF [NAME OF CORPORATE DEBTOR]
FORM P05 : WRITTEN CONSENT TO ACT AS AUTHORISED REPRESENTATIVE
FORM P06 : DECLARATION BY DIRECTOR/PARTNERS
FORM P07 : DECLARATION REGARDING EXISTENCE OF AVOIDANCE TRANSACTION(S)
FORM P08 : REPORT OF THE INSOLVENCY PROFESSIONAL
FORM P09 : PUBLIC ANNOUNCEMENT
FORM P10 : LIST OF CLAIMS
FORM P11 : INVITATION FOR RESOLUTION PLANS
FORM P12 : COMPLIANCE CERTIFICATE
FORM P13 : APPLICATION FOR TERMINATION OF PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS
FORM P14 : APPLICATION FOR VESTING MANAGEMENT WITH RESOLUTION PROFESSIONAL
 
 
 

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