Examination Archives

List of Case Laws for Limited Insolvency Examination (LIE) w.e.f 1st March 2022

Posted by IBC Laws Editoron May 3, 2022May 3, 2022in Examination, IBC News

Important decisions of Supreme Court and High Courts, Decisions of NCLAT and NCLT relating to Corporate Insolvency Resolution, Corporate Liquidation, Voluntary Liquidation and Fast Track Resolution Process. There will be five questions carrying one mark each.

Supreme Court Cases -Limited Insolvency Examination w.e.f. 1st January, 2021

Posted by on November 4, 2020March 28, 2021in Examination

Supreme Court Cases - Limited Insolvency Examination w.e.f. 1st January, 2021 1. Innoventive Industries Ltd. v ICICI Bank and Anr. (Civil Appeal Nos. 8337-8338 of 2017) Case Citation: [2017] ibclaw.in 02 SC FACTS: In 2012, Innoventive Industries (Corporate Debtor/Appellant)…

High Court Cases – Limited Insolvency Examination w.e.f. 1st January, 2021

Posted by on November 3, 2020March 28, 2021in Examination

High Court Cases - Limited Insolvency Examination w.e.f. 1st January, 2021 1. Sree Metaliks Ltd. and Anr v Union of India and Anr. (W.P. 7144 (W)-2017) in High Court of Judicature at Calcutta Case Citation: [2017] ibclaw.in 03 HC…

NCLAT Cases – Limited Insolvency Examination w.e.f. 1st January, 2021

Posted by on November 2, 2020March 29, 2021in Examination

NCLAT Cases - Limited Insolvency Examination w.e.f. 1st January, 2021 1. Edelweiss Asset Reconstruction Co. Ltd. v Synergies Dooray Automotive Ltd. & Ors. Case Citation: [2018] ibclaw.in 102 NCLAT Facts of the Case The CIRP was initiated against Synergies-Dooray Automotive…

NCLT Cases-Limited Insolvency Examination w.e.f. 1st January, 2021

Posted by on November 1, 2020March 28, 2021in Examination

NCLT Cases-Limited Insolvency Examination w.e.f. 1st January, 2021 1. In the matter of Amtek Auto Limited [CA.Nos.567/2018 & 601/2018 in CP(IB)No.42/Chd/Hry/2017] Case Citation: (2019) ibclaw.in 14 NCLT Corporation Bank as a financial creditor filed a petition under Section 7…

Persons not eligible to be Resolution Applicant-Section 29A of IBC

Posted by on January 2, 2020September 17, 2020in ExaminationLeave a comment

Chapter-3 : CIRP Topic-8 : CIRP and Resolution Plan Persons not eligible to be Resolution Applicant [Sec. 29A of IBC] If Section 30(1) of IBC is perused, it requires Resolution Applicant to state that he is eligible under Section 29A…

Short Note on Insolvency and Bankruptcy Code, 2016

Posted by on July 30, 2019June 17, 2021in Articles, ExaminationLeave a comment

Short Note on Insolvency and Bankruptcy Code, 2016 (IBC, 2016) What is Insolvency and Bankruptcy Code, 2016 (IBC)? "In One line we can say that in case of a default by the equity owners to meet their debt obligations, control…

Filing application by Financial Creditor before NCLT under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC)

Posted by on June 25, 2019January 13, 2022in Decoding the Code-Free, Examination4 Comments

How to file application before NCLT by Financial Creditor under section 7 of the Insolvency and Bankruptcy Code, 2016. Section 7 of IBC

Procedure of filing application by Operational Creditor before NCLT under Section 8 & 9 of the Insolvency and Bankruptcy Code 2016 (IBC)

Posted by on June 24, 2019January 13, 2022in Decoding the Code-Free, ExaminationLeave a comment

How to file application under section 9 of IBC by Operational Creditors.

Initiation of CIRP by corporate applicant under Section 10 of the Insolvency and Bankruptcy Code 2016 (IBC)

Posted by on June 23, 2019January 13, 2022in Decoding the Code-Free, ExaminationLeave a comment

Initiation of CIRP by corporate applicant under Section 10 of the IBC

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