Insolvency and Bankruptcy Law Notes (IBC Notes – Complete Study Guide)

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The Insolvency and Bankruptcy Code, 2016 (IBC) is a comprehensive legislation that consolidates laws relating to insolvency resolution and liquidation of corporate persons, partnership firms, and individuals in India. These notes are structured to help law students, judiciary aspirants, and professionals understand IBC conceptually, procedurally, and judicially, starting from foundational principles to landmark judgments.

I. Introduction and Foundational Concepts of IBC

TopicView Here
Overview on Insolvency and Bankruptcy Code, 2016View Here
Salient Features of the Insolvency and Bankruptcy Code, 2016View Here
Insolvency vs. Bankruptcy vs. Liquidation: Key DifferencesView Here
Overview of Laws Relating to Corporate InsolvencyView Here
Pillars of Insolvency and Bankruptcy Code (Regulatory Bodies)View Here
Adjudicating Authority under Insolvency and Bankruptcy CodeView Here
Information Utility under IBCView Here
Insolvency Professionals under IBCView Here
Insolvency Professional Agency under IBCView Here
Examining the Bankruptcy Laws of the United States, Great Britain, and IndiaView Here

II. Core Definitions and Key Stakeholders

TopicView Here
Who is a Creditor under IBC?View Here
Financial Creditor under IBCView Here
Financial Debt and Operational Debt under IBCView Here
Corporate Guarantor under IBCView Here
Who is a Related Party to Corporate Debtor in IBC?View Here
List of Stakeholders under IBCView Here

III. Initiation of Corporate Insolvency Resolution Process (CIRP)

TopicView Here
Corporate Insolvency Resolution Process under IBCView Here
Persons Who May Initiate CIRP under IBCView Here
CIRP by Financial Creditor – Section 7 of IBCView Here
Insolvency Resolution by Operational CreditorView Here
Initiation of CIRP by Corporate Applicant under Section 10View Here
Persons Not Entitled to Make an Application – Section 11View Here
Disposal of Applications under Section 11A of IBCView Here
Section 10A: Suspension of Initiation of CIRPView Here
Commencement of Corporate Insolvency Resolution ProcessView Here
Time Limit for Completion of CIRPView Here
Withdrawal of CIRP Application under Section 12AView Here

IV. Moratorium and Public Announcement

TopicView Here
Declaration of Moratorium and Public Announcement – Section 13View Here
Moratorium under Section 14 of IBCView Here
Public Announcement of CIRP – Section 15View Here

V. Interim Resolution Professional (IRP)

TopicView Here
Who is Interim Resolution Professional under IBC?View Here
Eligibility Criteria for Insolvency and Resolution Professionals under IBCView Here
Duties of Interim Resolution Professional – Section 18View Here
Personnel to Extend Cooperation to IRP – Section 19View Here
Management of Affairs of Corporate Debtor by IRPView Here

VI. Resolution Professional and Committee of Creditors

TopicView Here
Management of Operations of Corporate Debtor as a Going Concern – Section 20View Here
Appointment of Resolution Professional – Section 22View Here
Conduct of CIRP by Resolution Professional – Section 23View Here
Duties of Resolution Professional – Section 25View Here
Replacement of Resolution Professional by CoC – Section 27View Here
Committee of Creditors under IBCView Here
Committee of Creditors with Only Operational Creditors under IBCView Here
Committee of Creditors with Only Operational Creditors in a ClassView Here
Notice of Meeting of Committee of CreditorsView Here
Meeting of Committee of Creditors – Section 24View Here
Stakeholders Consultation Committee under IBCView Here

VII. Resolution Plan Process

TopicView Here
Meaning of Resolution Plan under IBCView Here
Preparation of Information Memorandum – Section 29View Here
Persons Not Eligible to be Resolution Applicant – Section 29AView Here
Process of Inviting Resolution Plan by CoCView Here
Approval of Resolution Plan by Committee of CreditorsView Here

VIII. Special Insolvency Processes

TopicView Here
4 Types of Insolvency Processes of Corporate Persons under IBCView Here
Fast Track Corporate Insolvency Resolution Process under IBCView Here
Understanding Pre-Packaged Insolvency under IBCView Here
Pre-Packaged Insolvency Resolution Process under IBCView Here
Analysing Pre-Pack Resolutions under IBCView Here

IX. Liquidation of Corporate Persons under IBC

TopicView Here
Initiation of Liquidation under IBCView Here
Liquidation for Corporate Persons under IBCView Here
Liquidation of Corporate Persons under Section 34View Here
Appointment of Liquidator under Section 34View Here
Powers and Functions of Liquidator under IBCView Here
Powers of Liquidator to Access Information – Section 37View Here
Liquidation Estate under Section 36View Here
Consolidation and Verification of Claims under IBCView Here
Secured Creditor in Liquidation Proceedings – Section 52View Here
Sale of Corporate Debtor as a Going ConcernView Here
Distribution of Assets under IBCView Here
Reportings by Liquidator under IBCView Here
Completion of Liquidation and Dissolution of Corporate DebtorView Here
The Process of Liquidation under the IBC, 2016View Here

X. Voluntary Liquidation

TopicView Here
What is Voluntary Liquidation under IBCView Here
Voluntary Liquidation Process under IBCView Here

XI. Avoidance and Questionable Transactions

TopicView Here
Preferential Transactions under IBCView Here
Avoidance of Undervalued Transactions under IBCView Here
Extortionate Credit Transactions under IBCView Here

XII. Appeals and Post-CIRP Issues

TopicView Here
Adjudicating Authority for Corporate Persons under IBCView Here
Appeals under Insolvency and Bankruptcy CodeView Here
SEBI vs. IBC – A Post CIRP AnomalyView Here

XIII. Corporate Restructuring and Alternatives

TopicView Here
What is Restructuring and Its Types?View Here
Difference Between Internal and External Corporate RestructuringView Here
An Overview on External Corporate RestructuringView Here
Debt Restructuring vs. Bankruptcy: Which Is Better Legally?View Here

XIV. Landmark Judgments under Insolvency and Bankruptcy Code

CaseView Here
Swiss Ribbons Pvt. Ltd. v. Union of IndiaView Here
Arcelor Mittal India Pvt. Ltd. v. Satish Kumar GuptaView Here
M/s Innovative Industries Ltd. v. ICICI BankView Here
Mobilox Innovations Pvt. Ltd. v. Kirusa Software Pvt. Ltd.View Here
M/s Shilpi Cable Technologies Ltd. v. Macquarie Bank Ltd.View Here
M/s Unigreen Global Pvt. Ltd. v. Punjab National BankView Here
Sree Metaliks Ltd. v. Union of IndiaView Here
Starlog Enterprises Ltd. v. ICICI BankView Here
Assam Tea EPFO v. Madhur AgarwalView Here
Rainbow Papers Judgment under IBCView Here

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Aishwarya Agrawal
Aishwarya Agrawal

Aishwarya is a gold medalist from Hidayatullah National Law University (2015-2020). She has worked at prestigious organisations, including Shardul Amarchand Mangaldas and the Office of Kapil Sibal.

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