What Insolvency and Bankruptcy Code, 2016 - Corporate Insolvency Resolution Process (CIRP), Liquidation, and Pre-Packaged Insolvency Framework requires
The Insolvency and Bankruptcy Code, 2016 establishes a time-bound corporate insolvency resolution process (CIRP) of 180 days, extendable by 90 days under Section 12, for resolving insolvency of corporate debtors. It applies to financial and operational creditors, resolution applicants, and insolvency professionals regulated by the Insolvency and Bankruptcy Board of India (IBBI).
Pillar: Banking & Global Finance · Authority: Insolvency and Bankruptcy Board of India · Version: 1.0.1 · Last updated:
Primary source: https://ibbi.gov.in/
SHA-256 integrity: 12491b7118eb0623edc5fe81315f5af1587f410b6bbf6d1ab56d42c17a90dba4
Primary Citations — 5 traced to source
- Insolvency and Bankruptcy Code, 2016, https://ibbi.gov.in/, Section 12, 2016
- Insolvency and Bankruptcy Code, 2016, https://ibbi.gov.in/, Section 53, 2016
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