Taxmann's Insolvency and Bankruptcy Law Manual with IBC Law Guide

Page 1


List of Rules/Regulations

List of Notifications

List of Circulars

List of Guidelines I-19

Amendments made by Insolvency and Bankruptcy Code (Amendment) Act, 2021 at a glance I-21

Amendments made by Insolvency and Bankruptcy Code (Amendment) Act, 2020 and Insolvency and Bankruptcy Code (Second Amendment) Act, 2020 at a glance I-23

Amendments made by Insolvency and Bankruptcy Code (Amendment) Act, 2019 at a glance I-25 Insolvency and Bankruptcy Law Guide I-31

A table showing enforcement of provisions of Insolvency and Bankruptcy Code, 2016 I-133

DIVISION ONE INSOLVENCY AND BANKRUPTCY CODE, 2016

Text of Insolvency and Bankruptcy Code, 2016 as amended by Insolvency and Bankruptcy Code (Amendment) Act, 2021

and Bankruptcy Code (Amendment) Act, 2019

DIVISION TWO RULES AND REGULATIONS

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016

Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016

Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016

Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017

Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017

Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017

Insolvency and Bankruptcy Board of India (Salary, Allowances and Other Terms and Conditions of Service of Chairperson and Members) Rules, 2016

Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 2.373

Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 2.412

Insolvency and Bankruptcy Board of India (Employees’ Service) Regulations, 2017

Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017

Insolvency and Bankruptcy Board of India (Annual Report) Rules, 2018 2.470

Insolvency and Bankruptcy Board of India (Form of Annual Statement of Accounts) Rules, 2018 2.473

Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 2.492

Companies (Registered Valuers and Valuation) Rules, 2017

Insolvency and Bankruptcy Board of India (Medical Facility to Chairperson and Whole-time Members) Scheme Rules, 2019 2.517

Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019

Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019

Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019

Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 2.571

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

Insolvency and Bankruptcy (Pre-packaged Insolvency Resolution Process) Rules, 2021

Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021

DIVISION THREE

GUIDELINES

ISSUED

UNDER INSOLVENCY

AND

BANKRUPTCY

CODE,

2016

for Technical Standards for the Performance of Core Services and Other Services under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

Guidelines for empanelment of advocates

Insolvency and Bankruptcy Board of India (Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations) Guidelines, 2020 3.46

Insolvency and Bankruptcy Board of India (Use of Caveats, Limitations and Disclaimers by the Registered Valuers in Valuation Reports) Guidelines, 2020 3.50

Insolvency and Bankruptcy Board of India (Continuing Professional Education for Insolvency Professionals) Guidelines, 2019 3.69

Guidelines for Appointment of Insolvency Professionals as Administrators under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 3.75

Guidelines for Committee of Creditors

Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2024

DIVISION

FOUR

NOTIFICATIONS ISSUED UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016

Notifications issued under Insolvency and Bankruptcy Code, 2016 4.3

DIVISION

FIVE

CIRCULARS ISSUED UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016

Circulars issued under Insolvency and Bankruptcy Code, 2016 5.3

DIVISION

SIX

RBI (PRUDENTIAL FRAMEWORK FOR RESOLUTION OF STRESSED ASSETS) DIRECTIONS, 2019

Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019

Declaration of moratorium and public announcement. 13.

Moratorium. 14.

Explanation.—

Provided Public announcement of corporate insolvency resolution process. 15.

Appointment and tenure of interim resolution professional. 16.

Management of affairs of corporate debtor by interim resolution professional. 17.

Duties of interim resolution professional. 18. a i ii iii iv

-

de f i ii iii iv vvi g

Explanation.—

-

b c Personnel to extend cooperation to interim resolution professional. 19.

Management of operations of corporate debtor as going concern. 20.

-

cProvided d

Appointment of resolution professional. 22.

Resolution professional to conduct corporate insolvency resolution process. 23.

Provided -

Meeting of committee of creditors. 24.

Duties of resolution professional.

Rights and duties of authorised representative of financial creditors. 25A.

INSOLVENCY AND BANKRUPTCY LAW MANUAL WITH IBC LAW GUIDE

AUTHOR : TAXMANN'S EDITORIAL BOARD

PUBLISHER : TAXMANN

DATE OF PUBLICATION : DECEMBER 2024

EDITION : 20TH EDITION | 2025

ISBN NO : 9789364555500

NO. OF PAGES : 1532

BINDING TYPE : PAPERBACK

DESCRIPTION

This book contains amended, updated & annotated text of the Insolvency and Bankruptcy Code 2016 (IBC). The coverage of this book includes:

• Insolvency and Bankruptcy Code 2016 (IBC) [as amended up to date]

• 25+ Relevant Rules & Regulations

• 5+ Guidelines issued under the IBC

• 25+ Relevant Notifications issued under the IBC

• 70+ Relevant Circulars issued under the IBC

• RBI (Prudential Framework for Resolution of Stressed Assets) Directions 2019 Along with the above, the readers also get a specially curated & comprehensive (100+ pages) guide/short commentary on the Insolvency & Bankruptcy Code.

This comprehensive manual is an essential reference for insolvency professionals, legal practitioners, corporate creditors, financial institutions, academicians, and students, ensuring an authoritative understanding of the IBC and its applications.

The Present Publication is the 20th Edition | 2025 and has been amended up to 2nd December 2024. This book is edited by Taxmann's Editorial Board and offers the following noteworthy features:

• [Taxmann's series of Bestseller Books] on IBC

• [Follows the six-sigma approach] to achieve the benchmark of 'zero error.'

• [Previous Amendments at a glance] made by the following:

o Insolvency and Bankruptcy Code (Amendment) Act, 2021

o Insolvency and Bankruptcy Code (Second Amendment) Act, 2020 & Insolvency and Bankruptcy Code (Amendment) Act, 2020

o Insolvency and Bankruptcy Code (Amendment) Act, 2019

• [Tables] showing enforcement of Provisions of the IBC

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