❮❮ Hide

❮ Default View

Expand ❯❯

Close ✕

🔎 Manuals - Adv. Search ❯

TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:

Main Text + AI Text ❯

Main Text
Main Text + AI Text
AI Text

Law:

---- All Laws----❯

---- All Laws----

Income Tax
GST
Customs
FEMA
Companies Law
SEBI
Insolvency and Bankruptcy
Indian Laws
Wealth-tax
Service Tax
Cenvat Credit
Central Excise

Topics: ?

Topics / Manual Categories

---- All Topics----❯

---- All Topics----

Sort By: ?

Even if Sort by Topic is selected, exact match will be shown on the top.

RelevanceTopic

Page of

to of Results

Showing 88 Records

Scroll To Chapter:

---- All Chapters ----❯

Introduction
Corporate Insolvency Resolution Process
Liquidation Process
Pre-Packaged Insolvency Resolution Process
Fast Track Corporate Insolvency Resolution Process
Voluntary Liquidation Of Corporate Persons
Adjudicating Authority For Corporate Persons
Offences And Penalties

Introduction(No. of topics: 1)

1. Application of Corporate Insolvency Resolution process of the Insolvency & Bankruptcy Code 2016 [ Section 4 ]

Corporate Insolvency Resolution Process(No. of topics: 35)

1. Persons who may initiate corporate insolvency resolution process [ Section 6]
2. Initiation of corporate insolvency resolution process by financial creditor [ Section 7 ]
3. Corporate Insolvency Resolution Process by Operational Creditor [ Section 8 ]
4. Process for initiation of corporate insolvency resolution process by operational creditor [ section 9 ]
5. Initiation of corporate insolvency resolution process by corporate applicant [ Section 10 ]
6. Suspension of initiation of corporate insolvency resolution process [Section 10A ]
7. Persons not entitled to make application to initiate corporate insolvency resolution process [ Section 11 ]
8. Disposal of applications under section 54C (Pre-packages Resolution) and under section 7 or section 9 or section 10 [ Section 11A ]
9. Time-limit for completion of Insolvency Resolution Process [ Section 12 ]
10. Withdrawal of application admitted under section 7, 9 or 10 [ Section 12A ]
11. Declaration of moratorium and public announcement [ Section 13 ]
12. Declaration of moratorium [ Section 14 ]
13. Public Announcement of the Initiation of CIRP [ Section 15 ]
14. Appointment and tenure of interim resolution professional [ Section 16 ]
15. Management of affairs of corporate debtor by interim resolution professional [ Section 17 ]
16. Duties of interim resolution professional [ section 18 ]
17. Duty to extend cooperation to interim resolution professional [ Section 19 ]
18. Management of operations of corporate debtor as going concern [Section 20]
19. Introduction of Committee of Creditor [ Section 21 ]
20. Composition of the Committee of creditors [ Section 21 ]
21. First meeting of the committee of creditors [ Section 24(1)&(2) ]
22. Issue notice for conducting meeting
23. Voting by the Committee of creditors
24. Appointment of resolution professional [ Section 22 ]
25. Resolution Professional to conduct CIRP [Section 23]
26. Duties of Resolution Professional [Section 25]
27. Rights and duties of authorised representative of financial creditors [ Section 25A ]
28. Replacement of Resolution Professional by Committee of Creditors [ Section 27 ]
29. Approval of committee of creditors for certain actions [ Section 28 ]
30. Preparation of information memorandum [ Section 29 ]
31. Persons not eligible to be resolution applicant [Section 29A ]
32. Resolution plan [ Section 30 ]
33. Approval of resolution plan [ Section 31 ]
34. Appeal [ Section 32 ]
35. Liability for prior offences etc. [ section 32A]

Liquidation Process(No. of topics: 14)

1. Liquidation Process against corporate Debtor [ section 33 ]
2. Appointment and Remuneration of Liquidator under IBC [ Section 34 ]
3. Powers and duties of Liquidator [ Section 35 ]
4. Liquidation Estate [ Section 36 ]
5. Powers of Liquidator to access information [ Section 37 ]
6. Consolidation of claims [ Section 38 ]
7. Verification of claims [Section 39]
8. Admission or Rejection of claim [ Section 40 , 41 & 42 ]
9. Preferential transactions and relevant time [ Section 43 & 44 ]
10. Transaction entered by any corporate debtor be deemed as Undervalued [ Section 45 to 49 ]
11. Extortionate credit transactions [ Section 50 & 51 ]
12. Secured Creditors in Liquidation Proceedings [ Section 52 ]
13. Distribution of Assets by the Liquidator [ Section 53 ]
14. Dissolution of corporate debtor [ Section 54 ]

Pre-Packaged Insolvency Resolution Process(No. of topics: 13)

1. Corporate debtors eligible for pre-packaged insolvency resolution process [ Section 54A ]
2. Duties of resolution professional before initiation of pre-packaged insolvency resolution process [ section 54B ]
3. Application to initiate prepackaged insolvency resolution process [ Section 54C ]
4. Time-limit for completion of pre-packaged insolvency resolution process [Section 54D]
5. Declaration of moratorium and public announcement during prepackaged insolvency resolution process [ Section 54E ]
6. [Duties and powers of resolution professional during prepackaged insolvency resolution process [ Section 54F ]
7. List of claims and preliminary information memorandum [ Section 54G ]
8. Management of affairs of the corporate debtor during the pre-packaged insolvency resolution process [ Section 54H ]
9. Constitution & Meeting of Committee of creditors [ Section 54I ]
10. Vesting management of corporate debtor with resolution professional [ Section 54J ]
11. Approval of resolution plan and Appeal against order passed under section 54L [ Section 54L & 54M ]
12. Termination of pre-packaged insolvency resolution process [ section 54N ]
13. Application of provisions of Chapters II, III, VI, and VII to this Chapter [Section 54P ]

Fast Track Corporate Insolvency Resolution Process(No. of topics: 6)

1. Consideration and approval of resolution plan [ Section 54K ]
2. Initiation of corporate insolvency resolution process [ Section 54O ]
3. Fast track corporation insolvency resolution process [ Section 55 ]
4. Time period for completion of fast track corporate insolvency resolution process [ Section 56 ]
5. Manner of initiating fact track corporate insolvency resolution process [ Section 57 ]
6. Applicability of Chapter II to this Chapter [ Section 58 ]

Voluntary Liquidation Of Corporate Persons(No. of topics: 1)

1. Voluntary Liquidation of Corporate Persons [ Section 59 ]

Adjudicating Authority For Corporate Persons(No. of topics: 8)

1. Adjudicating Authority for corporate persons [ Section 60 ]
2. Appeals and Appellate authority [ Section 61 ]
3. Appeal to Supreme Court [ Section 62 ]
4. Civil court not to have jurisdiction [ Section 63 ]
5. Expeditious Disposal of Applications [ Section 64 ]
6. Fraudulent or malicious initiation of proceedings [ Section 65 ]
7. Fraudulent trading or wrongful trading [ Section 66 ]
8. Proceedings under section 66 [ Section 67 & 67A ]

Offences And Penalties(No. of topics: 10)

1. Punishment of Concealment of Property detail of offences [ Section 68 ]
2. Punishment for transactions defrauding creditors [Section 69 ]
3. Punishment for misconduct in courses of corporate insolvency resolution process [ Section 70 ]
4. Punishment for falsification of books of corporate debtor [ Section 71 ]
5. Punishment for wilful and material omissions from statements relating to affairs of corporate debtor [ Section 72 ]
6. Punishment for false representations to creditors [ Section 73 ]
7. Punishment for contravention of moratorium or the resolution plan [ Section 74 ]
8. Punishment for false information furnished in application [ Section 75 ]
9. Punishment for non-disclosure of dispute or payment of debt by operational creditor [ Section 76 of the IBC, 2016 ]
10. Punishment for offences related to pre-packaged insolvency resolution process [ Section 77A ]

No Records Found

Page of

to of Results

❮

❯

❯❯

0 / 3000

Expand Note

Add to Folder

No Folders have been created

Are you sure you want to delete "My most important" ?

NOTE:

Open Link

Manuals

Showing Results for : Law: All Type: All

Searched Text : Law: All Type: All

Reset Filters

Results Found:

Page of

to of Results

ShowAI TextQuick Glance by AIHeadnote

Income Tax

GST

Customs

FEMA

Companies Law

SEBI

Insolvency and Bankruptcy

Indian Laws

Wealth-tax

Service Tax

Cenvat Credit

Central Excise

No Records Found

Page of

to of Results

Insolvency Resolution And Liquidation For Corporate Persons

Home / Manuals List / IBC / Insolvency Resolution And Liquidation For Corporate Persons / Corporate Insolvency Resolution Process / This

All Manuals

Showing Results for : Law: All Type: All

Searched Text : Law: All Type: All

Reset Filters

Page of

to of Results

Showing

Records

ExpandCollapse

Introduction(No. of topics: 1)

1. Application of Corporate Insolvency Resolution process of the Insolvency & Bankruptcy Code 2016 [ Section 4 ]

Corporate Insolvency Resolution Process(No. of topics: 35)

1. Persons who may initiate corporate insolvency resolution process [ Section 6]
2. Initiation of corporate insolvency resolution process by financial creditor [ Section 7 ]
3. Corporate Insolvency Resolution Process by Operational Creditor [ Section 8 ]
4. Process for initiation of corporate insolvency resolution process by operational creditor [ section 9 ]
5. Initiation of corporate insolvency resolution process by corporate applicant [ Section 10 ]
6. Suspension of initiation of corporate insolvency resolution process [Section 10A ]
7. Persons not entitled to make application to initiate corporate insolvency resolution process [ Section 11 ]
8. Disposal of applications under section 54C (Pre-packages Resolution) and under section 7 or section 9 or section 10 [ Section 11A ]
9. Time-limit for completion of Insolvency Resolution Process [ Section 12 ]
10. Withdrawal of application admitted under section 7, 9 or 10 [ Section 12A ]
11. Declaration of moratorium and public announcement [ Section 13 ]
12. Declaration of moratorium [ Section 14 ]
13. Public Announcement of the Initiation of CIRP [ Section 15 ]
14. Appointment and tenure of interim resolution professional [ Section 16 ]
15. Management of affairs of corporate debtor by interim resolution professional [ Section 17 ]
16. Duties of interim resolution professional [ section 18 ]
17. Duty to extend cooperation to interim resolution professional [ Section 19 ]
18. Management of operations of corporate debtor as going concern [Section 20]
19. Introduction of Committee of Creditor [ Section 21 ]
20. Composition of the Committee of creditors [ Section 21 ]
21. First meeting of the committee of creditors [ Section 24(1)&(2) ]
22. Issue notice for conducting meeting
23. Voting by the Committee of creditors
24. Appointment of resolution professional [ Section 22 ]
25. Resolution Professional to conduct CIRP [Section 23]
26. Duties of Resolution Professional [Section 25]
27. Rights and duties of authorised representative of financial creditors [ Section 25A ]
28. Replacement of Resolution Professional by Committee of Creditors [ Section 27 ]
29. Approval of committee of creditors for certain actions [ Section 28 ]
30. Preparation of information memorandum [ Section 29 ]
31. Persons not eligible to be resolution applicant [Section 29A ]
32. Resolution plan [ Section 30 ]
33. Approval of resolution plan [ Section 31 ]
34. Appeal [ Section 32 ]
35. Liability for prior offences etc. [ section 32A]

Liquidation Process(No. of topics: 14)

1. Liquidation Process against corporate Debtor [ section 33 ]
2. Appointment and Remuneration of Liquidator under IBC [ Section 34 ]
3. Powers and duties of Liquidator [ Section 35 ]
4. Liquidation Estate [ Section 36 ]
5. Powers of Liquidator to access information [ Section 37 ]
6. Consolidation of claims [ Section 38 ]
7. Verification of claims [Section 39]
8. Admission or Rejection of claim [ Section 40 , 41 & 42 ]
9. Preferential transactions and relevant time [ Section 43 & 44 ]
10. Transaction entered by any corporate debtor be deemed as Undervalued [ Section 45 to 49 ]
11. Extortionate credit transactions [ Section 50 & 51 ]
12. Secured Creditors in Liquidation Proceedings [ Section 52 ]
13. Distribution of Assets by the Liquidator [ Section 53 ]
14. Dissolution of corporate debtor [ Section 54 ]

Pre-Packaged Insolvency Resolution Process(No. of topics: 13)

1. Corporate debtors eligible for pre-packaged insolvency resolution process [ Section 54A ]
2. Duties of resolution professional before initiation of pre-packaged insolvency resolution process [ section 54B ]
3. Application to initiate prepackaged insolvency resolution process [ Section 54C ]
4. Time-limit for completion of pre-packaged insolvency resolution process [Section 54D]
5. Declaration of moratorium and public announcement during prepackaged insolvency resolution process [ Section 54E ]
6. [Duties and powers of resolution professional during prepackaged insolvency resolution process [ Section 54F ]
7. List of claims and preliminary information memorandum [ Section 54G ]
8. Management of affairs of the corporate debtor during the pre-packaged insolvency resolution process [ Section 54H ]
9. Constitution & Meeting of Committee of creditors [ Section 54I ]
10. Vesting management of corporate debtor with resolution professional [ Section 54J ]
11. Approval of resolution plan and Appeal against order passed under section 54L [ Section 54L & 54M ]
12. Termination of pre-packaged insolvency resolution process [ section 54N ]
13. Application of provisions of Chapters II, III, VI, and VII to this Chapter [Section 54P ]

Fast Track Corporate Insolvency Resolution Process(No. of topics: 6)

1. Consideration and approval of resolution plan [ Section 54K ]
2. Initiation of corporate insolvency resolution process [ Section 54O ]
3. Fast track corporation insolvency resolution process [ Section 55 ]
4. Time period for completion of fast track corporate insolvency resolution process [ Section 56 ]
5. Manner of initiating fact track corporate insolvency resolution process [ Section 57 ]
6. Applicability of Chapter II to this Chapter [ Section 58 ]

Voluntary Liquidation Of Corporate Persons(No. of topics: 1)

1. Voluntary Liquidation of Corporate Persons [ Section 59 ]

Adjudicating Authority For Corporate Persons(No. of topics: 8)

1. Adjudicating Authority for corporate persons [ Section 60 ]
2. Appeals and Appellate authority [ Section 61 ]
3. Appeal to Supreme Court [ Section 62 ]
4. Civil court not to have jurisdiction [ Section 63 ]
5. Expeditious Disposal of Applications [ Section 64 ]
6. Fraudulent or malicious initiation of proceedings [ Section 65 ]
7. Fraudulent trading or wrongful trading [ Section 66 ]
8. Proceedings under section 66 [ Section 67 & 67A ]

Offences And Penalties(No. of topics: 10)

1. Punishment of Concealment of Property detail of offences [ Section 68 ]
2. Punishment for transactions defrauding creditors [Section 69 ]
3. Punishment for misconduct in courses of corporate insolvency resolution process [ Section 70 ]
4. Punishment for falsification of books of corporate debtor [ Section 71 ]
5. Punishment for wilful and material omissions from statements relating to affairs of corporate debtor [ Section 72 ]
6. Punishment for false representations to creditors [ Section 73 ]
7. Punishment for contravention of moratorium or the resolution plan [ Section 74 ]
8. Punishment for false information furnished in application [ Section 75 ]
9. Punishment for non-disclosure of dispute or payment of debt by operational creditor [ Section 76 of the IBC, 2016 ]
10. Punishment for offences related to pre-packaged insolvency resolution process [ Section 77A ]

No Records Found

Page of

to of Results

Insolvency Resolution And Liquidation For Corporate Persons

Home / Manuals List / IBC / Insolvency Resolution And Liquidation For Corporate Persons / Corporate Insolvency Resolution Process / This

Chapters List

Showing Results for : Law: All Type: All

Searched Text : Law: All Type: All

Reset Filters

Case ID :

➔ Prev

IBC

Next ➔

Appointment of resolution professional [ Section 22 ]

Corporate Insolvency Resolution Process

📋

Contents

Cases Cited

Referred In

Notifications

Circulars

Forms

Manuals

Acts

Rules & Regulations

Plus +

Source NTF

Summary

Similar

Note

Bookmark

https://www.taxtmi.com/ma...

✓ Copied successfully !

Print Options

Line Height:Font Size:Margins:Print:

ExpandCollapse

View Source

Username/Email Address

Password

Remember Me (auto-login)

By checking this you will be auto logged in, if required, for next 3 days (unless manually logged out)

Forgot Password ?

Appointment of resolution professional [ Section 22 ]

The Email Id has not been verified. Click on the link we have sent on

Didn't receive the mail? Resend Mail

Don't have an account? Register Here

Page of

to of Results

Insolvency Code Section 22: Creditors Decide on Resolution Professional by 66% Vote in First Meeting

The Corporate Insolvency Resolution Process under Section 22 of the Insolvency and Bankruptcy Code (IBC) involves appointing a resolution professional. The committee of creditors must hold its first meeting within seven days of its constitution to decide, by a 66% majority, whether to continue with the interim resolution professional or appoint a new one. This decision requires written consent from the chosen professional and must be communicated to relevant parties. If the board does not confirm the proposed professional within ten days, the interim professional continues until confirmation. Case laws highlight the process and emphasize the committee's commercial wisdom in decision-making.

Full Summary is availble for active users!

Note: It is a system-generated summary and is for quick reference only.

Topics

ActsIncome Tax

No Records Found

➔ Previous Next ➔

Home
Feedback
Write Testimonial
Contact us

Resources
Refer Us
Site Map - Recent
Site Map
Database

Company
About us
Members
Privacy
Disclaimer
Terms of use

Income Tax

Allied (Direct Tax)

International Taxation

Income Tax Case Laws

Insolvency Resolution And Liquidation For Corporate Persons

Insolvency Resolution And Liquidation For Corporate Persons

Appointment of resolution professional [ Section 22 ]

Corporate Insolvency Resolution Process

Insolvency Code Section 22: Creditors Decide on Resolution Professional by 66% Vote in First Meeting

Topics