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The IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
Act ID: 2016
The IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
"Regulations detailing the entire corporate insolvency resolution process."
Table of Contents
41 Sections
Ch. IP
reliminary
S.1
Short title and commencement
S.2
Definitions
Ch. IIG
eneral
S.3
Eligibility for resolution professional
S.5
Extortionate credit transaction
Ch. IIIP
ublic Announcement
S.6
Public announcement
Ch. IVP
roof of Claims
S.7
Claims by operational creditors
S.8
Claims by financial creditors
S.9
Claims by workmen and employees
S.9A
[ Claims by other creditors. [Inserted by Notification No. IBBI/2017-18/GN/REG 014, dated 16.8.2017 (w.e.f. 14.6.2017)]
S.10
Substantiation of claims
S.11
Cost of proof proving the debt
S.12
Submission of proof of claims
S.13
Verification of claims
S.14
Determination of amount of claim
S.15
Debt in foreign currency
Ch. VCo
mmittee of Creditors
S.16
Committee with only operational creditors
S.17
Filings by the interim resolution professional
Ch. VIMe
etings of the Committee
S.18
Meetings of the committee
S.19
Notice for meetings of the committee
S.20
Service of notice by electronic means
S.21
Contents of the notice for meeting
S.22
Quorum at the meeting
S.23
Participation through video conferencing
S.24
Conduct of meeting
Ch. VIIVo
ting by the Committee
S.25
Voting by the committee
Ch. VIIICo
nduct of the Fast Track Process
S.26
[ Appointment of registered valuer. [Substituted by Notification No. IBBI/2017-18/GN/REG 025, dated 7.2.2018 (w.e.f. 14.6.2017)]
S.27
Transfer of debt due to creditors
S.28
Sale of assets outside the ordinary course of business
S.29
Assistance of local district administration
Ch. IXF
ast Track Process Costs
S.30
Fast track process costs
S.31
Essential supplies
S.32
Costs of the interim resolution professional
S.33
Resolution professional costs
Ch. XR
esolution Plan
S.4
In respect of the said sum or any part thereof, I have not nor has any person, by my order, to my knowledge or belief, for my use, had or received any manner of satisfaction or security whatsoever, save and except the following:
S.34
[ Fair value and Liquidation value. [Substituted by Notification No. IBBI/2017-18/GN/REG 025, dated 7.2.2018 (w.e.f. 14.6.2017)]
S.35
Information memorandum
S.35A
[ Invitation of Resolution Plans. [Inserted by Notification No. IBBI/2017-18/GN/REG 025, dated 7.2.2018 (w.e.f. 14.6.2017)]
S.36
[ Resolution plan. [Substituted by Notification No. IBBI/2017-18/GN/REG 025, dated 7.2.2018 (w.e.f. 14.6.2017)]
S.37
Mandatory contents of the resolution plan
S.38
Approval of resolution plan
S.39
Extension of the fast track process period