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    The Insolvency and Bankruptcy Code outlines the insolvency resolution and bankruptcy process for both corporate entities and individuals in India. It establishes provisions for insolvency resolution, bankruptcy, and liquidation across 5 parts. The code created the Insolvency and Bankruptcy Board of India as a regulator and established processes for insolvency professionals, information utilities, and adjudicating authorities.

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    Flow Chart-2

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    Md Ahsan Ali
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    The Insolvency and Bankruptcy Code outlines the insolvency resolution and bankruptcy process for both corporate entities and individuals in India. It establishes provisions for insolvency resolution, bankruptcy, and liquidation across 5 parts. The code created the Insolvency and Bankruptcy Board of India as a regulator and established processes for insolvency professionals, information utilities, and adjudicating authorities.

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    The Insolvency and Bankruptcy Code outlines the insolvency resolution and bankruptcy process for both corporate entities and individuals in India. It establishes provisions for insolvency resolution, bankruptcy, and liquidation across 5 parts. The code created the Insolvency and Bankruptcy Board of India as a regulator and established processes for insolvency professionals, information utilities, and adjudicating authorities.

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    © All Rights Reserved
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    21 views2 pages

    Flow Chart-2

    Uploaded by

    Md Ahsan Ali
    The Insolvency and Bankruptcy Code outlines the insolvency resolution and bankruptcy process for both corporate entities and individuals in India. It establishes provisions for insolvency resolution, bankruptcy, and liquidation across 5 parts. The code created the Insolvency and Bankruptcy Board of India as a regulator and established processes for insolvency professionals, information utilities, and adjudicating authorities.

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    [DOCUMENT: INSOLVENCY AND BANKRUPTCY CODE]

    |
    +-------------+-------------+-------------+-------------+-------------+
    | | | | | |
    [PART 1] [PART 2] [PART 3] [PART 4] [PART 5] [Regulations]
    Preliminary Insolvency Insolvency Regulation Miscelleneous The Insolvency
    Resolution and Resolution and of (Section and Bankruptcy
    Liquidation for Bankruptcy for Insolvency 224 to 255) Board of India
    Corporate Persons Individuals and Professionals, (Insolvency
    Partnership Firms Agencies and Resolution
    Information Process for
    Utilities) Corporate
    Persons)
    Regulations,
    2016
    -----------------------------------------------------------------------------------
    -----------------------------------------------------------------------------------
    -

    [Insolvency and Bankruptcy Code]


    │
    ├───[Part 1: Preliminary]
    │ └───Sections 1-3
    │
    ├───[Part 2: Insolvency Resolution and Liquidation for Corporate Persons]
    │ ├───[Chapter I: Preliminary]
    │ │ └───Sections 4-5
    │ ├───[Chapter II: Corporate Insolvency Resolution Process]
    │ │ └───Sections 6-32
    │ ├───[Chapter III: Liquidation Process]
    │ │ └───Sections 33-54
    │ ├───[Chapter III A: Pre-Packaged Insolvency Resolution Process]
    │ │ └───Sections 54A-54P
    │ ├───[Chapter IV: Fast Track Corporate Insolvency Resolution Process]
    │ │ └───Sections 55-58
    │ ├───[Chapter V: Voluntary Liquidation of Corporate Persons]
    │ │ └───Section 59
    │ ├───[Chapter VI: Adjudicating Authority for Corporate Persons]
    │ │ └───Sections 60-67
    │ └───[Chapter VII: Offences and Penalties]
    │ └───Sections 68-77
    │
    ├───[Part 3: Insolvency Resolution and Bankruptcy for Individuals and Partnership
    Firms]
    │ ├───[Chapter I: Preliminary]
    │ │ └───Sections 78-79
    │ ├───[Chapter II: Fresh Start Process]
    │ │ └───Sections 80-93
    │ ├───[Chapter III: Insolvency Resolution Process]
    │ │ └───Sections 94-120
    │ ├───[Chapter IV: Bankruptcy Order for Individuals and Partnership Firms]
    │ │ └───Sections 121-148
    │ ├───[Chapter V: Administration and Distribution of the Estate of the Bankrupt]
    │ │ └───Sections 149-178
    │ ├───[Chapter VI: Adjudicating Authority for Individuals and Partnership Firms]
    │ │ └───Sections 179-183
    │ └───[Chapter VII: Offences and Penalties]
    │ └───Sections 184-187
    │
    ├───[Part 4: Regulation of Insolvency Professionals, Agencies and Information
    Utilities]
    │ ├───[Chapter I: The Insolvency and Bankruptcy Board of India]
    │ │ └───Sections 188-195
    │ ├───[Chapter II: Powers and Functions of the Board]
    │ │ └───Sections 196-198
    │ ├───[Chapter III: Insolvency Professional Agencies]
    │ │ └───Sections 199-205
    │ ├───[Chapter IV: Insolvency Professionals]
    │ │ └───Sections 206-208
    │ ├───[Chapter V: Information Utilities]
    │ │ └───Sections 209-216
    │ ├───[Chapter VI: Inspection and Investigation]
    │ │ └───Sections 217-220
    │ └───[Chapter VII: Finance, Accounts and Audit]
    │ └───Sections 221-223
    │
    └───[Part 5: Miscelleneous]
    └───Sections 224-255.

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