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Section Subject Related Regulations of IB Code
54A. Corporate debtors eligible for pre-packaged insolvency resolution process 1. Short title and commencement
2. Definitions
14. Approvals by financial creditors
15. Choice of authorized representative
54B. Duties of resolution professional before initiation of pre-packaged insolvency resolution process 3. Meetings and communication
6. Pre-packaged insolvency resolution process costs
7. Eligibility for resolution professional
8. Fee of resolution professional
17. Report by resolution professional
54C. Application to initiate prepackaged insolvency resolution process 16. Declarations
18. Information to be furnished by the applicant
54D. Time-limit for completion of pre-packaged insolvency resolution process
54E. Declaration of moratorium and public announcement during prepackaged insolvency resolution process 4. Essential supplies
54F. Duties and powers of resolution professional during prepackaged insolvency resolution process 9. Access to books
10. Appointment of professionals
11. Disclosure of costs
12. Preservation of records
13. Filing of reports and forms
19. Public announcement
21. Determination of amount of claim
22. Debt in foreign currency
23. Transfer of debt due to creditors
38. Appointment of registered valuers
39. Fair value and liquidation value
54G. List of claims and preliminary information memorandum 20. List of claims
24. Committee with only creditors in a class
25. Committee with only operational creditors
26. Change in committee
40. Information memorandum
54H. Management of affairs of corporate debtor 50. Management during the process
54I. Committee of creditors 27. Meetings of the committee
28. Notice for meetings of the committee
29. Service of notice
30. Contents of the notice for meeting
31. Quorum
32. Participation through video conferencing
33. Conduct of meeting
34. Committee with creditors in a class
35. Voting by the committee
36. Voting by authorized representative
37. Voting through electronic means
54J. Vesting management of corporate debtor with resolution professional 5. Extortionate credit transaction
41. Preferential and other transactions
51. Vesting of the management with resolution professional
54K. Consideration and approval of resolution plan 42. Scoring and improvement of resolution plans
43. Invitation for resolution plans
44. Resolution plan
45. Mandatory contents of resolution plan
46. Submission of resolution plans
47. Evaluation of resolution plans
48. Approval of resolution plan
49. Application to Adjudicating Authority
54L. Approval of resolution plan
54M. Appeal against order under section 54L
54N. Termination of pre-packaged insolvency resolution process.
54O. Initiation of corporate insolvency resolution process