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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 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 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 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 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.
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 : Identification of Resolution Applicant
Regulation 36 : Information memorandum.
Regulation 36A : Invitation of Resolution Plans
Regulation 37 : Resolution plan.
Regulation 38 : Mandatory contents of the resolution plan.
Regulation 39 : Approval of resolution plan.
Regulation 40 : Extension of the corporate insolvency resolution process period.
Schedules
-SCHEDULE - FORM A : PUBLIC ANNOUNCEMENT
-SCHEDULE - FORM B : PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES
-SCHEDULE - FORM C : PROOF OF CLAIM BY FINANCIAL CREDITORS
-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 G : Invitation of Resolution Plans
 
 
 
 
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