IBC Laws - Decoding the Code

Decoding the Code

[Commentary on Insolvency and Bankruptcy Code, 2016]

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Note: The Decoding the Code was initially released in 2019 and currently, it is being updated. Updated part contains last updated date at the end of each Topic.

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Sec. 14

Moratorium

All about the Moratorium under Section 14 including judicial pronouncements

Sec. 12

CIRP Time Limit

Analysis on time limit under section 12 for completion of insolvency resolution process

Sec. 12A

Withdrawal of CIRP proceeding

Analysis of withdrawal of CIRP proceeding pursuant to settlement under Section 12A

Sec. 6

Persons who may initiate CIRP

Persons who may initiate Corporate Insolvency Resolution Process(CIRP)

Sec. 238A

Limitation Period w/r to IBC

Analysis of provisions of Limitation Act, 1963 with respect to the Code

Decoding the Code

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Meetings and Voting of the Committee of Creditors (CoC) under Insolvency and Bankruptcy Code 2016 (IBC)

Analysis of provisions on Authorised Representative under Insolvency and Bankruptcy Code 2016 (IBC)

Resolution Professional to conduct the CIRP and manage the operations of the Corporate Debtor under Insolvency and Bankruptcy Code 2016 (IBC)

Cooperation of Suspended Directors and Managements of Corporate Debtor during CIRP and action by IRP/RP

Insolvency Resolution Process Costs & Essential supplies under Insolvency and Bankruptcy Code 2016 (IBC)

MCA-21 compliance by Resolution Professionals including liquidator