Frequently Asked Questions on The Insolvency and Bankruptcy Code, 2016 issued by ICAI


PART I

1. Preliminary 1

PART II

2. Insolvency Resolution and Liquidation for Corporate Persons 7

3. Insolvency and Bankruptcy (Application to Adjudicating Authority)

Rules, 2016

4. IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2016 59

5. IBBI (Liquidation Process) Regulations, 2016 and IBBI (Voluntary Liquidation Process) Regulations, 2017 75

PART III

6. Insolvency Resolution and Bankruptcy for Individuals and Partnership Firms 85

PART IV

7. Regulation of Insolvency Professionals, Agencies and Information Utilities

8. IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 118

9. IBBI (Insolvency Professional Agencies) Regulations, 2016 130

10. IBBI (Insolvency Professionals) Regulations, 2016 136

11. IBBI (Information Utilities) Regulations, 2017 145

12. IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 165

13. IBBI (Inspection and Investigation) Regulations, 2017 169

14. IBBI (Procedure for Governing Board Meetings) Regulations, 2017 174

15. IBBI (Advisory Committee) Regulations, 2017 177

16. IBBI (Employees’ Service) Regulations, 2017 179

17. IBBI (Engagement of Research Associates and Consultants) Regulations, 2017 182

PART V

18. Miscellaneous 184

19. IBBI (Mechanism for Issuing Regulations) Regulations, 2018 188

ANNEXURE

List of Sections of the Insolvency and Bankruptcy Code, 2016 not yet notified till 15th June 2019 191

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Source: ICAI



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