The Insolvency and Bankruptcy Code (IBC), 2016: Guide to Corporate DebtorsOrientation Series is an initiative of the Lex-Warrier Foundation intending to provide a bird’s eye view of the relevant laws it is dealing with. These are not the commentary of the legislation, but describing the contents of the legislation in simple plain English language so that even the common man can read and understand |
Common terms and phrases
Adjudicating Authority affairs affecting or relating amount appointing an insolvency appointment or terms approval of committee Bankruptcy Board Bankruptcy Code IBC behalf Board of India book or paper Central Government Cite Cite this Page committee of creditors Company Law Appellate corporate insolvency resolution corporate persons crore rupees debtor has ownership documents Duties of interim extend to five financial creditors going concern Guide to Corporate information memorandum information utility initiate Insolvency and Bankruptcy insolvency commencement date insolvency process Insolvency Professionals insolvency resolution process interim resolution professional lakh rupees Law Appellate Tribunal less than 75 less than three Limited Liability Partnership Liquidation process meeting Moratorium Narayanaswamy National Company Law NCLT operational creditors paper affecting partnership firms preceding the liquidation professional is appointed proposed resolution professional provides public announcement punishable with imprisonment raise interim finance records resolution plan secured creditor security interest transactions voluntary liquidation proceedings voting share Warrier willfully concealed


