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Insolvency and Bankruptcy
Home Acts & Rules Insolvency and Bankruptcy Regulation Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 Chapters List This

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016

Chapter: I
PRELIMINARY
Regulation 1 : Short title and commencement.
Regulation 2 : Definitions.
Chapter: II
GENERAL
Regulation 3 : Eligibility for resolution professional.
Regulation 4 : Access to books.
Regulation 4A : Choice of authorised representative
Regulation 5 : Extortionate credit transaction.
Chapter: III
PUBLIC ANNOUNCEMENT
Regulation 6 : Public announcement.
Chapter: IV
PROOF OF CLAIMS
Regulation 7 : Claims by operational creditors.
Regulation 8 : Claims by financial creditors.
Regulation 8A : Claims by creditors in a class.
Regulation 9 : Claims by workmen and employees.
Regulation 9A : Claims by other creditors.
Regulation 10 : Substantiation of claims.
Regulation 11 : Cost of proof.
Regulation 12 : Submission of proof of claims.
Regulation 13 : Verification of claims.
Regulation 14 : Determination of amount of claim.
Regulation 15 : Debt in foreign currency.
Chapter: V
COMMITTEE OF CREDITORS
Regulation 16 : Committee with only operational creditors.
Regulation 16A : Authorised representative
Regulation 16B : Committee with only creditors in a class
Regulation 17 : First meeting of the committee.
Chapter: VI
MEETINGS OF THE COMMITTEE
Regulation 18 : Meetings of the committee.
Regulation 19 : Notice for meetings of the committee.
Regulation 20 : Service of notice by electronic means.
Regulation 21 : Contents of the notice for meeting.
Regulation 22 : Quorum at the meeting.
Regulation 23 : Participation through video conferencing.
Regulation 24 : Conduct of meeting.
Chapter: VII
VOTING BY THE COMMITTEE
Regulation 25 : Voting by the committee.
Regulation 25A : Voting by Authorised Representative
Regulation 26 : Voting through electronic means.
Chapter: VIII
CONDUCT OF CORPORATE INSOLVENCY RESOLUTION PROCESS
Regulation 27 : Appointment of registered valuers.
Regulation 28 : Transfer of debt due to creditors.
Regulation 29 : Sale of assets outside the ordinary course of business.
Regulation 30 : Assistance of local district administration.
Regulation 30A : Withdrawal of application
Chapter: IX
INSOLVENCY RESOLUTION PROCESS COSTS
Regulation 31 : Insolvency resolution process costs.
Regulation 32 : Essential supplies.
Regulation 33 : Costs of the interim resolution professional.
Regulation 34 : Resolution professional costs.
Regulation 34A : Disclosure of Costs
Chapter: X
RESOLUTION PLAN
Regulation 35 : Fair value and Liquidation value.
Regulation 35A : Preferential and other transactions.
Regulation 36 : Information memorandum.
Regulation 36A : Invitation of Resolution Plans
Regulation 36B : Request for resolution plans.
Regulation 37 : Resolution plan.
Regulation 38 : Mandatory contents of the resolution plan.
Regulation 39 : Approval of resolution plan.
Regulation 39A : Preservation of records
Regulation 39B : Meeting liquidation cost
Regulation 39C : Assessment of sale as a going concern
Regulation 39D : Fee of the liquidator
Regulation 40 : Extension of the corporate insolvency resolution process period.
Regulation 40A : Model time-line for corporate insolvency resolution process
Regulation 40B : Filing of Forms
Regulation 40C : Special provision relating to time-line
Schedules
SCHEDULE - FORM A : PUBLIC ANNOUNCEMENT
SCHEDULE - FORM AA : WRITTEN CONSENT TO ACT AS RESOLUTION PROFESSIONAL
SCHEDULE - FORM AB : WRITTEN CONSENT TO ACT AS AUTHORISED REPRESENTATIVE
SCHEDULE - FORM B : PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES
SCHEDULE - FORM C : SUBMISSION OF CLAIM BY FINANCIAL CREDITORS
SCHEDULE - FORM CA : SUBMISSION OF CLAIM BY FINANCIAL CREDITORS IN A CLASS
SCHEDULE - FORM D : PROOF OF CLAIM BY A WORKMAN OR AN EMPLOYEE
SCHEDULE - FORM E : PROOF OF CLAIM SUBMITTED BY AUTHORISED REPRESENTATIVE OF WORKMEN AND EMPLOYEES
SCHEDULE - FORM F : PROOF OF CLAIM BY CREDITORS (OTHER THAN FINANCIAL CREDITORS AND OPERATIONAL CREDITORS)
SCHEDULE - FORM FA : APPLICATION FOR WITHDRAWAL OF CORPORATE INSOLVENCY RESOLUTION PROCESS
SCHEDULE - FORM G : INVITATION FOR EXPRESSION OF INTEREST
 
 
 
 

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