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

Sample Read

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 Guidelines 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 3.76

Guidelines for Committee of Creditors

Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2025 3.85

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

SAMPLE CHAPTER

INSOLVENCY AND BANKRUPTCY CODE, 2016*

[31 OF 2016]

[AS

AMENDED UPTO DATE]

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.

BE

PART I PRELIMINARY

Short title, extent and commencement.

PART II

INSOLVENCY RESOLUTION AND LIQUIDATION FOR CORPORATE PERSONS

CHAPTER I PRELIMINARY

Application of this Part.

Notification No. S.O. 1205(E), dated 24-3-2020 :

Notification No. S.O. 1543(E), dated 9-4-2021 : see Appendix see Appendix

Explanation.—

see Appendix

f ghi Explanation.—

a i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix

b 1.27 S. 5(24A)

CHAPTER II

CORPORATE INSOLVENCY RESOLUTION PROCESS

Persons who may initiate corporate insolvency resolution process.

INSOLVENCY AND BANKRUPTCY LAW MANUAL WITH IBC LAW GUIDE

AUTHOR : Taxmann's Editorial Board

PUBLISHER : Taxmann

DATE OF PUBLICATION : December 2025

EDITION : 21st Edition | 2026

ISBN NO : 9789371267090

NO. OF PAGES : 1540

BINDING TYPE : Paperback

Rs. 2245

DESCRIPTION

Insolvency & Bankruptcy Law Manual with IBC Law Guide is a comprehensive and practitioner-focused consolidation of India's insolvency and bankruptcy framework, centred on the Insolvency and Bankruptcy Code 2016 (IBC) and its complete body of subordinate legislation. The Manual presents insolvency law as a fully administered and evolving legal regime, shaped by Rules, IBBI Regulations, Guidelines, Notifications, and binding Circulars. Designed as a practical working reference rather than a mere bare-act compilation, it integrates the amended text of the IBC with a dedicated IBC Law Guide, amendment-tracking tools, enforcement tables, model timelines, prescribed formats, and an exhaustive regulatory compendium. This Edition reflects the law as amended and operationally clarified by the Insolvency and Bankruptcy Board of India (IBBI) and the Central Government.

This Manual is indispensable for all stakeholders engaged with insolvency law and practice, including:

• Insolvency Professionals (IRPs, RPs, Liquidators, Bankruptcy Trustees, and Insolvency Professional Entities)

• Advocates & Law Firms

• Banks, NBFCs, ARCs & Financial Institutions

• Corporate Advisors & In-house Legal/Compliance Teams

• Judicial Members, Registry Officials & Regulators

• Academics, Researchers & Advanced Students

The Present Publication is the 21st Edition | 2026 and has been amended up to 20th December 2025. This book is edited by Taxmann's Editorial Board and offers the following noteworthy features:

• [Annotated and Updated text of the IBC] incorporating all amendments and insertions

• [Dedicated IBC Law Guide] explaining the purpose, structure, and interpretive contours of the Code, supported by judicial principles

• [Amendments-at-a-glance Tables] enabling quick identification of legislative changes and their effective dates

• [Enforcement and Commencement Tables] critical in a law where provisions have been notified in stages

• [Division-wise Consolidation] of Rules, Regulations, Guidelines, Notifications, and Circulars

• [Model Timelines, Formats &Compliance Tools] aligned with statutory and regulatory requirements

• [Exhaustive Circular Compendium] reflecting the operational reality of insolvency practice