The Insolvency and Bankruptcy Code 2016

ISBN Number : 978-93-5367-462-5

Student Price : Rs.115

Student Dollar Price : 5$

Book Edition : First

Year of Publication : 2019

No. Of Pages : 84

About The Book

The Insolvency and Bankruptcy Code is one of the most effective reforms for resolving India's overwhelming non-performing assets (NPAs) problem. The Code imposes a strict time-bound 180 + 90 days resolve or liquidate decree. The fear of losing control over their company has prompted various promoters to settle or resolve their dues. In the time to come, IBC should become a significant facilitator for improving debtor mindset.

The book is a guide on the concepts and procedure along with relevant case laws as applicable to the provisions in the Code. The book is a section-wise short commentary explaining the process from the inception of resolution to the final discharge order. It is written keeping in mind the needs of insolvency professionals, lawyers, Chartered Accountants, Company Secretary, students and other academicians.

The key features of the book are :

- Quick reference guide outlining analysis of the Code with the latest case laws as decided by the respective Adjudicating Authority, Appellate Authority and Supreme Court;

- Detailed explanation of the procedures as prescribed under the Code for resolution and liquidation / bankruptcy;

- Updated including the latest provisions of Insolvency and Bankruptcy (Second Amendment) Act, 2018.

It is important to note that the IBC has seen multiple amendments since its inception, which have been well directed in plugging the loopholes in the initial version of the Code. I hope this book will be helpful to gain an interesting viewpoint of the journey of the Code so far.


Contents -

1. Scope and Applicability
2. Corporate Insolvency Resolution Process (CIRP)
3. Fast Track Corporate Insolvency Resolution Process
4. Liquidation Process
5. Voluntary Liquidation of Corporate Persons
6. Insolvency Resolution Process for Individuals and Partnership Firm
7. Offences and Penalties
8. Institutional Framework under the Code
Appendix – Important and Useful Definitions under the Code

About The Author

Pooja Ashok Gupta is qualified Chartered Accountant and Company Secretary. She studied Law (LL.B.) from Government Law College, Mumbai. She has also completed Masters in Finance (LL.M. – Finance) from Frankfurt University, Germany. She has 22 years of extensive professional experience in banking, investment management and financial services acquired during her stints of working with large consulting group in Europe and in India. She now holds a senior post in Foreign Bank. She has authored a book on Financial Instruments published by McGraw Hill for sale in India and abroad.

In the professional fraternity, she was elected Youngest Regional Council Member (Western) of Institute of Chartered Accountants of India. She has been honoured with the CA Young Leader Award for demonstrating exceptional courage and professionalism in the corporate world. She, therefore, undoubtedly occupies a prominent place amongst the leading and eminent luminaries of India Inc.

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