A Comprehensive Resource Centre for Insolvency and Restructuring Professionals
The insolvency and restructuring landscape in India is governed by a dynamic legal and regulatory framework. Adrodebt Resolution is committed to promoting awareness, accessibility, and understanding of the Insolvency and Bankruptcy Code, 2016 and related regulations.
This resource center provides access to key regulatory information, process overviews, and reference materials that may assist Insolvency Professionals, creditors, investors, legal practitioners, and other stakeholders involved in insolvency and restructuring proceedings.
Insolvency and Bankruptcy Code, 2016
The Insolvency and Bankruptcy Code, 2016 (IBC) consolidates and amends the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner with the objective of maximisation of value of assets, promotion of entrepreneurship, availability of credit, and balancing the interests of all stakeholders.
• Time-bound insolvency resolution
• Maximisation of asset value
• Promotion of entrepreneurship
• Improved availability of credit
• Balancing stakeholder interests
Corporate Insolvency Resolution Process (CIRP) Under Sections 7, 9 & 10 of the IBC, 2016
Corporate Insolvency Resolution Process is a structured mechanism for resolving financial distress of corporate entities.
Indicative CIRP Lifecycle
Liquidation Process Under Sections 33 & 59 of the IBC, 2016
Where resolution is not feasible, liquidation provides an orderly mechanism for realisation and distribution of assets.
Indicative Liquidation Lifecycle
Pre-Packaged Insolvency Resolution Process (PPIRP) Under Sections 54A–54P of the IBC, 2016
PPIRP provides a debtor-in-possession framework primarily intended for eligible MSMEs and combines informal negotiations with a formal resolution process.
• Faster resolution mechanism
• Debtor-in-possession model
• Reduced disruption to business operations
• Cost-effective framework
• Time-bound implementation
Personal Guarantor Insolvency & Bankruptcy Under Sections 94 & 95 of the IBC, 2016
The Insolvency and Bankruptcy Code also provides a framework for insolvency and bankruptcy proceedings involving personal guarantors to corporate debtors.
• Insolvency Resolution Process
• Bankruptcy Process
• Creditor Participation
• Repayment Planning
• Asset Realisation
Key Stakeholders under IBC
The entity undergoing insolvency proceedings.
Banks, financial institutions, debenture holders, and other financial lenders.
Suppliers, employees, statutory authorities, and service providers.
The decision-making body comprising eligible financial creditors.
The insolvency professional responsible for managing the process.
National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)
Frequently Used Regulatory Framework
Regulatory Authorities
The principal regulator overseeing implementation and administration of the insolvency ecosystem in India.
Adjudicating authority for corporate insolvency and liquidation proceedings.
Appellate authority for matters arising under the IBC.
Entities responsible for collection, storage, authentication, and dissemination of financial information.
Knowledge Disclaimer
The information provided on this page is intended solely for general informational and educational purposes. While reasonable efforts are made to ensure accuracy, users should refer to the latest provisions of applicable laws, regulations, notifications, circulars, and judicial pronouncements before taking any action. Professional advice should be obtained for specific situations.
For professional assistance regarding insolvency, liquidation, restructuring, bankruptcy, or related matters, please contact Adrodebt Resolution Private Limited.
