दिवाला और शोधन अक्षमता संहिता, 2016

The Insolvency and Bankruptcy Code, 2016

दिवाला और शोधन अक्षमता संहिता, 2016 (The Insolvency and Bankruptcy Code, 2016) की सभी धाराएँ हिंदी और अंग्रेज़ी में पढ़ें। सम्पूर्ण पाठ — सरकारी राजपत्र से सत्यापित।

विवरण (Description)

An Act to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.

धाराएँ / Sections (275)

धारा 1— Short title, extent and commencement
धारा 10— Initiation of corporate insolvency resolution process by corporate debtor
धारा 100— Admission or rejection of application
धारा 101— Moratorium
धारा 102— Public notice and claims from creditors
धारा 103— Registering of claims by creditors
धारा 104— Preparation of list of creditors
धारा 105— Repayment plan
धारा 106— Report of resolution professional on repayment plan
धारा 107— Summoning of meeting of creditors
धारा 108— Conduct of meeting of creditors
धारा 109— Voting rights in meeting of creditors
धारा 10A— Suspension of initiation of corporate insolvency resolution process
धारा 11— Persons not entitled to make application
धारा 110— Rights of secured creditors in relation to repayment plan
धारा 111— Approval of repayment plan by creditors
धारा 112— Report of meeting of creditors on repayment plan
धारा 113— Notice of decisions taken at meeting of creditors
धारा 114— Order of Adjudicating Authority on repayment plan
धारा 115— Effect of order of Adjudicating Authority on repayment plan
धारा 116— Implementation and supervision of repayment plan
धारा 117— Completion of repayment plan
धारा 118— Repayment plan coming to end prematurely
धारा 119— Discharge order
धारा 12— Time-limit for completion of insolvency resolution process
धारा 120— Standard of conduct
धारा 121— Application for bankruptcy
धारा 122— Application by debtor
धारा 123— Application by creditor
धारा 124— Effect of application
धारा 125— Appointment of insolvency professional as bankruptcy trustee
धारा 126— Bankruptcy order
धारा 127— Validity of bankruptcy order
धारा 128— Effect of bankruptcy order
धारा 129— Statement of financial position
धारा 13— Declaration of moratorium and public announcement
धारा 130— Public notice inviting claims from creditors
धारा 131— Registration of claims
धारा 132— Preparation of list of creditors
धारा 133— Summoning of meeting of creditors
धारा 134— Conduct of meeting of creditors
धारा 135— Voting rights of creditors
धारा 136— Administration and distribution of estate of bankrupt
धारा 137— Completion of administration
धारा 138— Discharge order
धारा 139— Effect of discharge
धारा 14— Moratorium
धारा 140— Disqualification of bankrupt
धारा 141— Restrictions on bankrupt
धारा 142— Modification or recall of bankruptcy order
धारा 143— Standard of conduct
धारा 144— Fees of bankruptcy trustee
धारा 145— Replacement of bankruptcy trustee
धारा 146— Resignation by bankruptcy trustee
धारा 147— Vacancy in office of bankruptcy trustee
धारा 148— Release of bankruptcy trustee
धारा 149— Functions of bankruptcy trustee
धारा 15— Public announcement of corporate insolvency resolution process
धारा 150— Duties of bankrupt towards bankruptcy trustee
धारा 151— Rights of bankruptcy trustee
धारा 152— General powers of bankruptcy trustee
धारा 153— Approval of creditors for certain acts
धारा 154— Vesting of estate of bankrupt in bankruptcy trustee
धारा 155— Estate of bankrupt
धारा 156— Delivery of property and documents to bankruptcy trustee
धारा 157— Acquisition of control by bankruptcy trustee
धारा 158— Restrictions on disposition of property
धारा 159— After-acquired property of bankrupt
धारा 16— Appointment of interim resolution professional
धारा 160— Onerous property of bankrupt
धारा 161— Notice to disclaim onerous property
धारा 162— Disclaimer of leaseholds
धारा 163— Challenge against disclaimed property
धारा 164— Undervalued transactions
धारा 165— Preference transactions
धारा 166— Effect of order
धारा 167— Extortionate credit transactions
धारा 168— Obligations under contracts
धारा 169— Continuance of proceedings on death of bankrupt
धारा 17— Management of affairs of corporate debtor by interim resolution professional
धारा 170— Administration of estate of deceased bankrupt
धारा 171— Proof of debt
धारा 172— Proof of debt by secured creditors
धारा 173— Mutual credit and set-off
धारा 174— Distribution of interim dividend
धारा 175— Distribution of property
धारा 176— Final dividend
धारा 177— Claims of creditors
धारा 178— Priority of payment of debts
धारा 179— Adjudicating Authority
धारा 18— Duties of interim resolution professional
धारा 180— Civil court not to have jurisdiction
धारा 181— Appeal to Debt Recovery Appellate Tribunal
धारा 182— Appeal to Supreme Court
धारा 183— Expeditious disposal of applications
धारा 184— Punishment for false information, etc., by creditor in insolvency resolution process
धारा 185— Punishment for contravention of provisions of this Part
धारा 186— Punishment for false information, concealment, etc., by bankrupt
धारा 187— Punishment for certain actions of bankruptcy trustee
धारा 188— Establishment and incorporation of Board
धारा 189— Constitution of Board
धारा 19— Personnel to extend cooperation to interim resolution professional
धारा 190— Removal of member from office
धारा 191— Powers of Chairperson
धारा 192— Meetings of Board
धारा 193— Member not to participate in meetings in certain cases
धारा 194— Vacancies, etc., not to invalidate proceedings of Board
धारा 195— Officers and employees of Board
धारा 196— Powers and functions of Board
धारा 197— Constitution of advisory committee, executive committee or other committee
धारा 198— Condonation of delay
धारा 199— No person to function as insolvency professional agency without valid certificate of registration
धारा 2— Application
धारा 20— Management of operations of corporate debtor as going concern
धारा 200— Principles governing registration of insolvency professional agency
धारा 201— Registration of insolvency professional agency
धारा 202— Appeal to National Company Law Appellate Tribunal
धारा 203— Governing Board of insolvency professional agency
धारा 204— Functions of insolvency professional agencies
धारा 205— Insolvency professional agencies to make bye-laws
धारा 206— Enrolled and registered persons to act as insolvency professionals
धारा 207— Registration of insolvency professionals
धारा 208— Functions and obligations of insolvency professionals
धारा 209— No person to function as information utility without certificate of registration
धारा 21— Committee of creditors
धारा 210— Registration of information utility
धारा 211— Appeal to National Company Law Appellate Tribunal
धारा 212— Governing Board of information utility
धारा 213— Core services and other services of information utilities
धारा 214— Obligations of information utility
धारा 215— Submission of financial information
धारा 216— Rights and obligations of persons submitting financial information
धारा 217— Complaints and investigation
धारा 218— Investigation of insolvency professional agency or information utility
धारा 219— Show cause notice to insolvency professional agency or information utility
धारा 22— Appointment of resolution professional
धारा 220— Appointment of disciplinary committee
धारा 221— Grants by Central Government
धारा 222— Board's Fund
धारा 223— Accounts and audit
धारा 224— Insolvency and Bankruptcy Fund
धारा 225— Power of Central Government to issue directions
धारा 226— Power of Central Government to supersede Board
धारा 227— Power of Central Government to notify financial service providers
धारा 228— Budget
धारा 229— Annual report
धारा 23— Resolution professional to conduct corporate insolvency resolution process
धारा 230— Delegation
धारा 231— Bar of jurisdiction
धारा 232— Members, officers and employees of Board to be public servants
धारा 233— Protection of action taken in good faith
धारा 234— Agreements with foreign countries
धारा 235— Letter of request to a country outside India in certain cases
धारा 236— Trial of offences by Special Court
धारा 237— Appeal
धारा 238— Provisions of this Code to override other laws
धारा 238A— Limitation
धारा 239— Power to make rules
धारा 24— Meeting of committee of creditors
धारा 240— Power to make regulations
धारा 241— Rules and regulations to be laid before Parliament
धारा 242— Power to remove difficulties
धारा 243— Repeal of certain enactments and savings
धारा 244— Transitional provisions
धारा 245— Amendment of Act 9 of 1932
धारा 246— Amendment of Act 1 of 1944
धारा 247— Amendment of Act 43 of 1961
धारा 248— Amendment of Act 52 of 1962
धारा 249— Amendment of Act 51 of 1993
धारा 25— Duties of resolution professional
धारा 250— Amendment of Act 32 of 1994
धारा 251— Amendment of Act 54 of 2002
धारा 252— Amendment of Act 1 of 2004
धारा 253— Amendment of Act 51 of 2007
धारा 254— Amendment of Act 6 of 2009
धारा 255— Amendment of Act 18 of 2013
धारा 25A— Rights and duties of authorised representative of financial creditors
धारा 26— Application for avoidance of transactions not to affect proceedings
धारा 27— Replacement of resolution professional by committee of creditors
धारा 28— Approval of committee of creditors for certain actions
धारा 29— Preparation of information memorandum
धारा 29A— Persons not eligible to be resolution applicant
धारा 3— Definitions
धारा 30— Submission of resolution plan
धारा 31— Approval of resolution plan
धारा 32— Appeal
धारा 33— Initiation of liquidation
धारा 34— Appointment of liquidator and fee to be paid
धारा 35— Powers and duties of liquidator
धारा 36— Liquidation estate
धारा 37— Powers of liquidator to access information
धारा 38— Consolidation of claims
धारा 39— Verification of claims
धारा 4— Application of this Part
धारा 40— Admission or rejection of claims
धारा 41— Determination of valuation of claims
धारा 42— Appeal against the decision of liquidator
धारा 43— Preferential transactions and relevant time
धारा 44— Orders in case of preferential transactions
धारा 45— Avoidance of undervalued transactions
धारा 46— Relevant period for avoidable transactions
धारा 47— Application by creditor in cases of undervalued transactions
धारा 48— Orders in cases of undervalued transactions
धारा 49— Transactions defrauding creditors
धारा 5— Definitions
धारा 50— Extortionate credit transactions
धारा 51— Orders of Adjudicating Authority in respect of extortionate credit transactions
धारा 52— Secured creditor in liquidation proceedings
धारा 53— Distribution of assets
धारा 54— Dissolution of corporate debtor
धारा 54A— Corporate debtors eligible for pre-packaged insolvency resolution process
धारा 54B— Duties of resolution professional before initiation of pre-packaged insolvency resolution process
धारा 54C— Application to initiate pre-packaged insolvency resolution process
धारा 54D— Time-limit for completion of pre-packaged insolvency resolution process
धारा 54E— Declaration of moratorium and public announcement
धारा 54F— Duties and powers of resolution professional
धारा 54G— List of claims and preliminary information memorandum
धारा 54H— Management of affairs of corporate debtor
धारा 54I— Committee of creditors
धारा 54J— Vesting management of corporate debtor with resolution professional
धारा 54K— Consideration and approval of resolution plan
धारा 54L— Approval of resolution plan
धारा 54M— Appeal against order under section 54L
धारा 54N— Termination of pre-packaged insolvency resolution process
धारा 54O— Initiation of corporate insolvency resolution process
धारा 54P— Application of provisions of Chapters II, III, VI and VII to this Chapter
धारा 55— Fast track corporate insolvency resolution process
धारा 56— Time-period for completion of fast track corporate insolvency resolution process
धारा 57— Applicability of Chapter II
धारा 58— Notification to modify application of Chapter II
धारा 59— Voluntary liquidation of corporate persons
धारा 6— Persons who may initiate corporate insolvency resolution process
धारा 60— Adjudicating Authority for corporate persons
धारा 61— Appeals and appellate authority
धारा 62— Appeal to Supreme Court
धारा 63— Civil court not to have jurisdiction
धारा 64— Expeditious disposal of applications
धारा 65— Fraudulent or malicious initiation of proceedings
धारा 66— Fraudulent trading or wrongful trading
धारा 67— Proceedings under section 66
धारा 68— Punishment for concealment of property
धारा 69— Punishment for transactions defrauding creditors
धारा 7— Initiation of CIRP by financial creditor
धारा 70— Punishment for misconduct in course of corporate insolvency resolution process
धारा 71— Punishment for falsification of books of corporate debtor
धारा 72— Punishment for wilful and material omissions from statements relating to affairs of corporate debtor
धारा 73— Punishment for false representations to creditors
धारा 74— Punishment for contravention of moratorium or the resolution plan
धारा 75— Punishment for false information furnished in application
धारा 76— Punishment for non-disclosure of dispute or payment of debt by operational creditor
धारा 77— Punishment for providing false information in application made by corporate debtor
धारा 78— Application
धारा 79— Definitions
धारा 8— Insolvency resolution by operational creditor
धारा 80— Eligibility for making an application
धारा 81— Application for fresh start order
धारा 82— Appointment of resolution professional
धारा 83— Examination of application by resolution professional
धारा 84— Admission or rejection of application by Adjudicating Authority
धारा 85— Effect of admission of application
धारा 86— Objections by creditor and their examination by resolution professional
धारा 87— Application against decision of resolution professional
धारा 88— General duties of debtor
धारा 89— Replacement of resolution professional
धारा 9— Application for initiation of corporate insolvency resolution process by operational creditor
धारा 90— Directions for compliances of restrictions, etc.
धारा 91— Revocation of order admitting application
धारा 92— Discharge order
धारा 93— Standard of conduct
धारा 94— Application by debtor to initiate insolvency resolution process
धारा 95— Application by creditor to initiate insolvency resolution process
धारा 96— Interim-moratorium
धारा 97— Appointment of resolution professional
धारा 98— Replacement of resolution professional
धारा 99— Submission of report by resolution professional

⚖

Loading…