Taxmann's Insolvency and Bankruptcy Code with Rules and Regulations
Sample Read
Amendments made by Insolvency and Bankruptcy Code (Amendment) Act, 2021 at a glance
and Bankruptcy Code at a glance I-9
DIVISION ONE
INSOLVENCY AND BANKRUPTCY CODE, 2016
Arrangement of Sections
Text of Insolvency and Bankruptcy Code, 2016 as amended by Insolvency and Bankruptcy Code (Amendment) Act, 2021 1.15
Appendix : Provisions of other Acts referred to in Insolvency and Bankruptcy
DIVISION TWO
RULES AND REGULATIONS
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 2.311
Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
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 2.435
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
and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
DIVISION
THREE NOTIFICATIONS ISSUED UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016
INSOLVENCY
AND
BANKRUPTCY
CODE, 2016* [31 OF 2016]
[AS AMENDED BY INSOLVENCY & BANKRUPTCY CODE (AMENDMENT) ACT, 2021]
An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.
PRELIMINARY
Short title, extent and commencement.
INSOLVENCY RESOLUTION AND LIQUIDATION FOR CORPORATE PERSONS
CHAPTER I PRELIMINARY
Application of this Part.
4.
Provided
[Provided further that the Central Government may, by notification , specify such minimum amount of default of higher value, which shall not be more than one crore rupees, for matters relating to the pre-packaged insolvency resolution process of corporate debtors under Chapter III-A.]
Definitions.
5. 1
2
[( ) “base resolution plan” means a resolution plan provided by the corporate debtor under clause ( ) of sub-section (4) of section 54A;]
[or the pre-packaged insolvency resolution process, as the case may be,]
[or pre-packaged insolvency resolution process, as the case may be]
( ) “pre-packaged insolvency commencement date” means the date of admission of an application for initiating the pre-packaged insolvency resolution process by the Adjudicating Authority under clause ( ) of sub-section (4) of section 54C;
( ) “pre-packaged insolvency resolution process costs” means—
( ) the amount of any interim finance and the costs incurred in raising such finance;
( ) the fees payable to any person acting as a resolution professional and any expenses incurred by him for conducting the pre-packaged insolvency resolution process during the pre-packaged insolvency resolution process period, subject to sub-section (6) of section 54F;
( ) any costs incurred by the resolution professional in running the business of the corporate debtor as a going concern pursuant to an order under sub-section (2) of section 54J;
( ) any costs incurred at the expense of the Government to facilitate the pre-packaged insolvency resolution process; and
( ) any other costs as may be specified;
( ) “pre-packaged insolvency resolution process period” means the period beginning from the pre-packaged insolvency commencement date and ending on the date on which an order under sub-section (1) of section 54L, or sub-section (1) of section 54N, or sub-section (2) of section 54-O, as the case may be, is passed by the Adjudicating Authority;]
f gh
i Explanation.— a i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix b
INSOLVENCY AND BANKRUPTCY CODE WITH RULES AND REGULATIONS
AUTHOR : Taxmann's Editorial Board
PUBLISHER : Taxmann
DATE OF PUBLICATION : January 2026
EDITION : 11th Edition | 2026
ISBN NO : 9789371266239
BINDING TYPE : Paperback
Rs. 1,295
DESCRIPTION
Insolvency and Bankruptcy Code with Rules and Regulations is an authoritative statutory–cum–procedural compendium that presents the Insolvency and Bankruptcy Code 2016 as a fully administered, self-contained insolvency framework. Updated with the law as amended, notified, and in force, this publication integrates the complete text of the Code with its entire subordinate legislative framework, including Rules, Regulations issued by the Insolvency and Bankruptcy Board of India (IBBI), and all relevant Notifications. Designed with a strong practical orientation, it enables seamless navigation from substantive provisions to procedural rules, compliance, prescribed forms, timelines, and notification-based applicability, making it a reliable single-desk reference for insolvency resolution, liquidation, voluntary liquidation, pre-packaged insolvency, personal guarantor proceedings, and regulation of insolvency professionals and information utilities.
This publication is indispensable for professionals and institutions that require statutory certainty combined with procedural usability, including:
• Chartered Accountants, Company Secretaries & Cost Accountants
• Banks, Financial Institutions, NBFCs & ARCs
• Corporate Executives & In-house Legal Teams
• Academics, Researchers & Advanced Students
The Present Publication is the 11th Edition | 2026, updated till 20th December 2025. This book is edited by Taxmann's Editorial Board, with the following noteworthy features:
• [Authoritative Statutory Text] Presents the verified and unaltered text of the Insolvency and Bankruptcy Code 2016, incorporating all notified amendments
• [Complete Rules & Regulations Coverage] Consolidates all applicable Rules and Regulations governing CIRP, liquidation, voluntary liquidation, pre-packaged insolvency, personal guarantors, insolvency professionals, insolvency professional agencies, and information utilities
• [Amendments at a Glance] Provides section-wise summaries of amendments, including those introduced by the Insolvency and Bankruptcy Code (Amendment) Act 2021, with effective dates
• [IBC at a Glance – Conceptual Overview] Includes an explanatory overview outlining the objectives, structure, and design of the IBC
• [Procedural Lifecycle Alignment] Arranges Rules and Regulations in a logical sequence reflecting the lifecycle of insolvency proceedings
• [Integrated Notifications] Incorporates all relevant Notifications issued under the Insolvency and Bankruptcy Code, facilitating verification of applicability and commencement
• [Appendix to Allied Laws] Contains an appendix identifying provisions of other Acts referred to in the IBC
• [Forms, Schedules & Compliance Formats] Reproduces prescribed forms, schedules, registers, and procedural formats for execution-level compliance
• [Structured Navigation Tools] Supported by the arrangement of sections, detailed contents, and a comprehensive subject index
