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1
Short title, extent and commencement.
2
Application of the Act
3
Definitions for the Act
4
Application of Part II.
5
Definitions for Part II
6
Persons who may initiate corporate insolvency resolution process.
7
Initiation of corporate insolvency resolution process by financial creditor.
8
Insolvency resolution by operational creditor.
9
Application for initiation of corporate insolvency resolution process by operational creditor.
10
Initiation of corporate insolvency resolution process by corporate applicant.
10A
Suspension of initiation of corporate insolvency resolution process.
11
Persons not entitled to make application.
11A
Disposal of applications under section 54C and under section 7 or section 9 or section 10.
12
Time-limit for completion of insolvency resolution process.
12A
Withdrawal of application admitted under section 7, 9 or 10.
13
Declaration of moratorium and public announcement.
14
Moratorium.
15
Public announcement of corporate insolvency resolution process.
16
Appointment and tenure of interim resolution professional.
17
Management of affairs of corporate debtor by interim resolution professional.
18
Duties of interim resolution professional.
19
Personnel to extend co-operation to interim resolution professional.
20
Management of operations of corporate debtor as going concern.
21
Committee of creditors.
22
Appointment of resolution professional.
23
Resolution professional to conduct corporate insolvency resolution process.
24
Meeting of committee of creditors.
25
Duties of resolution professional.
25A
Rights and duties of authorised representative of financial creditors.
26
Application for avoidance of transactions not to affect proceedings.
27
Replacement of resolution professional by committee of creditors.
28
Approval of committee of creditors for certain actions.
29
Preparation of information memorandum.
29A
Persons not eligible to be resolution applicant.
30
Submission of resolution plan.
31
Approval of resolution plan.
32
Appeal.
32A
Liability for prior offences, etc.
33
Initiation of liquidation.
34
Appointment of liquidator and fee to be paid.
35
Powers and duties of liquidator.
36
Liquidation estate.
37
Powers of liquidator to access information.
38
Consolidation of claims.
39
Verification of claims.
40
Admission or rejection of claims.
41
Determination of valuation of claims.
42
Appeal against the decision of liquidator.
43
Preferential transactions and relevant time.
44
Orders in case of preferential transactions.
45
Avoidance of undervalued transactions.
46
Relevant period for avoidable transactions.
47
Application by creditor in cases of undervalued transactions.
48
Order in cases of undervalued transactions.
49
Transactions defrauding creditors.
50
Extortionate credit transactions.
51
Orders of Adjudicating Authority in respect of extortionate credit transactions.
52
Secured creditor in liquidation proceedings.
53
Distribution of assets.
54
Dissolution of corporate debtor.
59
Voluntary liquidation of corporate persons.
PART II CHAPTER II
CIRP
PART II CHAPTER III
LIQUIDATION
PART II CHAPTER IIIA
PPIRP
PART II CHAPTER V
VOLUNTARY LIQUIDATION
PART III
INSOLVENCY RESOLUTION AND BANKRUPTCY FOR INDIVIDUALS AND PARTNERSHIP FIRMS