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TUSHAR GARGAdvocate-on-Record, Supreme Court of India
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Insolvency & Bankruptcy (IBC)10+ Insolvency Rules Bare Acts

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10+ Insolvency Rules Enactments
387+ Sections Key Articles & Sections
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ENACTMENT YEAR: 20163 Key Articles / Sections

Insolvency and Bankruptcy Code (IBC)

Consolidated statute governing insolvency, liquidation, and bankruptcy of corporate entities and individuals.

KEY PROVISIONS & SECTIONS BREAKDOWN (3)

Section 7
Initiation of CIRP by Financial Creditor

Financial creditor may file application for initiating CIRP against corporate debtor when default occurs.

Section 9
Initiation of CIRP by Operational Creditor

Operational creditor may file application after expiry of 10 days from delivery of Section 8 demand notice.

Section 14
Moratorium

Tribunal shall declare moratorium prohibiting institution of suits, transfer of assets, or enforcement of security interest.

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