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TUSHAR GARGAdvocate-on-Record, Supreme Court of India
STATUTORY SECTIONS & PROVISIONS DIRECTORY

Insolvency & Bankruptcy (IBC) 387+ Sections Key Sections

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Section 7Insolvency and Bankruptcy Code (IBC) (2016)

Initiation of CIRP by Financial Creditor

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

LEGAL REMEDY & WRIT JURISDICTION

Statutory protection & court remedies under Insolvency and Bankruptcy Code (IBC)

LANDMARK BENCH PRECEDENTS
Swiss Ribbons Pvt Ltd v. Union of India (2019)Committee of Creditors of Essar Steel v. Satish Kumar Gupta (2020)
#Insolvency and Bankruptcy Code (IBC)#Section 7#Statutory Provision
Legal Awareness
Section 9Insolvency and Bankruptcy Code (IBC) (2016)

Initiation of CIRP by Operational Creditor

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

LEGAL REMEDY & WRIT JURISDICTION

Statutory protection & court remedies under Insolvency and Bankruptcy Code (IBC)

LANDMARK BENCH PRECEDENTS
Swiss Ribbons Pvt Ltd v. Union of India (2019)Committee of Creditors of Essar Steel v. Satish Kumar Gupta (2020)
#Insolvency and Bankruptcy Code (IBC)#Section 9#Statutory Provision
Legal Awareness
Section 14Insolvency and Bankruptcy Code (IBC) (2016)

Moratorium

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

LEGAL REMEDY & WRIT JURISDICTION

Statutory protection & court remedies under Insolvency and Bankruptcy Code (IBC)

LANDMARK BENCH PRECEDENTS
Swiss Ribbons Pvt Ltd v. Union of India (2019)Committee of Creditors of Essar Steel v. Satish Kumar Gupta (2020)
#Insolvency and Bankruptcy Code (IBC)#Section 14#Statutory Provision
Legal Awareness
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