The Insolvency and Bankruptcy Code, 2016.


Act ID: 201631
Act Number: 31
Enactment Date: 2016-05-28
Act Year: 2016
Short Title: The Insolvency and Bankruptcy Code, 2016.
Long Title: 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.
Ministry: Ministry of Corporate Affairs
Notification: yet to be notified
Last Updated: 20-11-2018

YearDescriptionFiles
29.08.2016 Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016
30.11.2016 Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016
YearDescriptionFiles
21.11.2016 IBBI (Insolvency Professional Agencies) Regulations, 2016
21.11.2016 IBBI (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016
23.11.2016 IBBI(Insolvency Professionals) Regulations, 2016
30.11.2016 IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
15.12.2016 IBBI (Liquidation Process) Regulations, 2016
30.01.2017 Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017
30.01.2017 Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017
30.01.2017 Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017
31.03.2017 Insolvency and Bankruptcy Board of India (Voluntary liquidation Process) Regulations, 2017
31.03.2017 Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017
12.06.2017 Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017
14.06.2017 Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
YearDescriptionFiles
15.10.2017 Clarification regarding approval of resolution plans under section 30 and 31 of Insolvency and Bankruptcy Code, 2016
YearDescriptionFiles
05.08.2016 Commencement of Sections 188 to 194 under Chapter I of Part IV of the Code
19.08.2016 Commencement of Sections under Chapter VII of Part IV and sections under Part V of the Code
01.10.2016 Constitution of Insolvency and Bankruptcy Board of India and appointment of Shri M S Sahoo as Chairperson of IBBI
01.11.2016 Commencement of Sections under Chapter II, Chapter VII of Part IV and sections under Part V
15.11.2016 Commencement of Sections under Chapter III, Chapter IV, Chapter VI of Part IV and sections under Part V.
30.11.2016 Commencement of Sections related to Corporate Insolvency.
09.12.2016 Commencement of section 33 to 54 (both inclusive) under the Code
30.03.2017 Commencement of Section for Voluntary Liquidation (S-59) and Information Utilities (209-2016) And S-234, 235 (Agreement with foreign Countries) under IBC, 2016
15.05.2017 Applicability of provisions of clause (a) to clause (d) of section 2 of the Code relating to voluntary liquidation or bankruptcy
16.05.2017 Appointment of Ms Suman Saxena, Dr Navrang Saini and Dr Mukulita Vijayawargiya as whole-time members in Insolvency and Bankruptcy Board of India.
14.06.2017 Commencement of sections related to Fast Track Corporate Insolvency Resolution Process and notification u/s 55(2) of the Code
YearDescriptionFiles
01.10.2016 Appointment of Ex-officio Members of Insolvency and Bankruptcy Board of India
24.05.2017 Insolvency and Bankruptcy Code (Removal of Difficulties) Order, 2017
24.05.2017 Appointment of Sh. Shashank Saksena as Ex-officio Member of IBBI
16.11.2017 Order of Constitution of Insolvency Law Committee.
YearDescriptionFiles
YearDescriptionFiles


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