Voluntary Liquidation Process Archives

Filing Forms to monitor Voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder – Circular No. IBBI/LIQ/74/2024 dated 28.06.2024

June 28, 2024

Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULARNo. IBBI/LIQ/74/202428th June, 2024 ToAll Registered Insolvency […]

Filing Forms to monitor Voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder – Circular No. IBBI/LIQ/74/2024 dated 28.06.2024 Read Post »

Compliances for initiation of Voluntary Liquidation of a Financial Service Provider and Reporting / Sharing of information in the Voluntary Liquidation process – IBBI Circular IBBI/LIQ/67/2024 dated 13.02.2024

February 13, 2024

Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/LIQ/67/2024 13th February, 2024 ToAll

Compliances for initiation of Voluntary Liquidation of a Financial Service Provider and Reporting / Sharing of information in the Voluntary Liquidation process – IBBI Circular IBBI/LIQ/67/2024 dated 13.02.2024 Read Post »

Deposit and withdrawal of unclaimed dividends and / or undistributed proceeds in accordance with regulation 39 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – IBBI Circular No. IBBI/LIQ/68/2024 dated 13.02.2024

February 13, 2024

Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/LIQ/68/2024 13th February, 2024 ToAll

Deposit and withdrawal of unclaimed dividends and / or undistributed proceeds in accordance with regulation 39 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – IBBI Circular No. IBBI/LIQ/68/2024 dated 13.02.2024 Read Post »

Discussion Paper – Streamlining the Voluntary Liquidation Process, October, 2023

October 8, 2023

Insolvency and Bankruptcy Board of India 5th October, 2023 Discussion Paper on Streamlining the Voluntary Liquidation Process The Code and

Discussion Paper – Streamlining the Voluntary Liquidation Process, October, 2023 Read Post »

Voluntary Liquidation Regulation 1 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Short title and commencement

March 31, 2023

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 31st March, 2017 Insolvency and Bankruptcy Board of India (Voluntary

Voluntary Liquidation Regulation 1 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Short title and commencement Read Post »

Voluntary Liquidation Regulation 2 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Definitions

March 30, 2023

The Insolvency and Bankruptcy Code, 2016 IBBI (Voluntary Liquidation Process) Regulations, 2017 Chapter – I Preliminary Regulation 2: Definitions. 2.

Voluntary Liquidation Regulation 2 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Definitions Read Post »

Voluntary Liquidation Regulation 3 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Initiation of Liquidation

March 29, 2023

The Insolvency and Bankruptcy Code, 2016 IBBI (Voluntary Liquidation Process) Regulations, 2017 Chapter – II Commencement of Liquidation Regulation 3:

Voluntary Liquidation Regulation 3 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Initiation of Liquidation Read Post »

Voluntary Liquidation Regulation 4 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Effect of liquidation

March 28, 2023

The Insolvency and Bankruptcy Code, 2016 IBBI (Voluntary Liquidation Process) Regulations, 2017 Chapter – II Commencement of Liquidation Regulation 4: Effect

Voluntary Liquidation Regulation 4 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Effect of liquidation Read Post »

Voluntary Liquidation Regulation 5 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Appointment of liquidator

March 27, 2023

The Insolvency and Bankruptcy Code, 2016 IBBI (Voluntary Liquidation Process) Regulations, 2017 Chapter – III Appointment and Remuneration of Liquidator

Voluntary Liquidation Regulation 5 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Appointment of liquidator Read Post »

Voluntary Liquidation Regulation 6 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Eligibility for appointment as liquidator

March 26, 2023

The Insolvency and Bankruptcy Code, 2016 IBBI (Voluntary Liquidation Process) Regulations, 2017 Chapter – III Appointment and Remuneration of Liquidator Regulation

Voluntary Liquidation Regulation 6 of IBBI (Voluntary Liquidation Process) Regulations, 2017 – Eligibility for appointment as liquidator Read Post »

Chapter	Topic	Content
CH-2: General & Definitions
		Short Note on Insolvency and Bankruptcy Code, 2016 (IBC, 2016)
		Dispute and Existence of a Dispute
		Operational Debt and Operational Creditor
		Persons who may initiate Corporate Insolvency Resolution Process(CIRP)
		Analysis provisions of Limitation Act, 1963 with respect to Insolvency and Bankruptcy Code, 2016
CH-3: CIRP
	Topic-1 : CIRP Application & Withdrawal
		Analysis of Minimum amount of default under Section 4 of IBC
		Procedure of filing application by Financial Creditor before NCLT under Section 7 of the IBC
		Procedure of filing application by Operational Creditor before NCLT under Section 8 & 9 of the IBC
		Initiation of CIRP by corporate applicant under Section 10 of the IBC
		Analysis of withdrawal of CIRP proceeding pursuant to settlement under Section 12A of Insolvency and Bankruptcy Code, 2016 (IBC)
	Topic-2 : Declaration of moratorium and public announcement
		Declaration of moratorium and public announcement [Section 13, 14 & 15 of the IBC]
		All about the Moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 including judicial pronouncements
	Topic-3 : Appointment and tenure of IRP & RP
		Appointment and tenure of Interim Resolution Professional and Resolution Professional [Section 16, 22 & 27 of the IBC]
		Role of an Interim Resolution Professional and Resolution Professional
	Topic-4 : Management of affairs by IRP
	Topic-5 : Receive and collate all the claims submitted by creditors
	Topic-6 : Committee of creditors and meetings
		Constitution of Committee of Creditors under Section 21 of IBC
		Role of Committee of Creditors & It’s Commercial Wisdom
		Analysis of provisions on Authorised Representative under IBC
		Meetings & Voting of the Committee of Creditors under Section 24 of the IBC
	Topic-7 : RP to conduct the CIRP and manage the operations
		Resolution Professional to conduct the CIRP and manage the operations of the Corporate Debtor
		Insolvency Resolution Process Costs & Essential supplies
		To identify preferential transactions under Sec. 43 of the Code in any CIRP, step to be taken by a Resolution Professional
	Topic-8 : CIRP and Resolution Plan
		Information Memorandum, Expression of Interest, Request for Resolution Plans & Resolution Plans
		Role of the prospective resolution applicant
		Persons not eligible to be Resolution Applicant [Sec. 29A of IBC]
		Submission and approval of the Resolution Plan
		Liability for prior offences under Section 32A of the IBC
CH-4 : Liquidation Process
	Topic-1 : Initiation of Liquidation
	Topic-2 : Appointment & Remuneration of Liquidator
		Appointment & Remuneration of Liquidator under Sec. 34 of IBC
		Powers and duties of Liquidator under Sec. 35, 37 of IBC
	Topic-3: Liquidation Estate
	Topic-4: Public announcement, Preliminary report, Early dissolution and Progress reports under Liquidation
	Topic-5: Claims under Liquidation
	Topic-6: Preferential, undervalued and Extortionate Credit Transactions
		Preferential, Undervalued and Extortionate Credit Transactions under Sec. 43, 44, 45, 46, 47, 48, 49, 50, 51 of IBC
		To identify preferential transactions under Sec. 43 of the Code in any CIRP, step to be taken by a Resolution Professional
	Topic-7: Secured Creditor in Liquidation Proceedings
	Topic-8: Realisation of Assets in Liquidation Proceedings
	Topic-9: Proceeds of Liquidation and Distribution of Proceeds
CH-5 : Personal Guarantor
		Chapter VIII Indemnity and Guarantee of Indian Contract Act, 1872
		All about Personal Guarantor under IBC Part-I
		All about Personal Guarantor under IBC Part-II
		Insolvency Resolution Process Regulation
		Bankruptcy Process for PG Regulation
		IRP Application to AA Rules
		Bankruptcy Process Application to AA Rules