Defined Terms in this website as under:
Terms | Defined |
AA | Adjudicating Authority |
AAA Rules | Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 |
AR | Authorized Representative |
ARCs | Asset Reconstruction Companies |
BIFR | Board of Industrial & Financial Reconstruction |
Board | Insolvency and Bankruptcy Board of India |
BR Act | Banking Regulation Act, 1949 |
CA 1956 | Companies Act, 1956 |
CA 2013 | Companies Act, 2013 |
CCI | Competition Commission of India |
CD | Corporate Debtor |
CEO | Chief Executive Officer |
CIRP | Corporate Insolvency Resolution Process |
CIRP Regulations | Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 |
CoC | Committee of Creditors |
Code | Insolvency and Bankruptcy Code, 2016 |
Deposit Rules | Companies (Acceptance of Deposit) Rules, 2014 |
DRAT | Debt Recovery Appellate Tribunal |
DRT | Debt Recovery Tribunal |
EOI | Expression of Interest |
FC | Financial Creditor |
F-CIRP | Fast Track Corporate Insolvency Resolution Process |
F-CIRP Regulations | Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 |
IBBI | Insolvency and Bankruptcy Board of India |
IBC | Insolvency and Bankruptcy Code, 2016 |
IBC Laws | www.ibclaw.in |
ICD | Insolvency Commencement Date |
IM | Information Memorandum |
IP | Insolvency Professional |
IP Regulations | Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016 |
IPA | Insolvency Professional Agency |
IPE | Insolvency Professional Entity |
IRP | Interim Resolution Professional |
IRP costs | Insolvency Resolution Process Costs |
IU | Information Utilities |
JLF | Joint Lender’s Forum |
LCD | Liquidation Commencement Date |
Limitation Act | Limitation Act, 1963 |
Liquidation Regulations | Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 |
LLP | Limited Liability Partnership |
LLP Act | Limited Liability Partnership Act, 2008 |
LLP Rules | LLP (Winding-Up and Dissolution) Rules, 2012 |
MCA | Ministry of Corporate Affairs, Government of India |
MCGM | Municipal Corporation of Greater Mumbai |
MRUA | Maharashtra Relief Undertaking (Special Provisions) Act |
MSMEs | Micro, Small, And Medium Enterprises |
NCLAT | National Company Law Appellate Tribunal |
NCLT | National Company Law Tribunal |
NPA | Non-Performing Asset |
OC | Operational Creditor |
PRA | Prospective Resolution Applicant |
RBI | Reserve Bank of India |
RDDBFI | Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act, 1993) |
RFRP | Request for Resolution Plans |
RP | Resolution Professional |
Rs. | Rupees |
SARFAESI | Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest |
SCC | Stakeholder Consultation Committee |
SEBI | Securities and Exchange Board of India |