📢 Important Update
Updated with amendments introduced during 2026-27
support@goodwork.co.in
Drop us a line
033 48141488
Make a call
Address
Ground Floor, 106, Golf Club Road, Kolkata - 700 033
Home
About Us
An Introduction by the Author
Legal Framework
Basic Information
About the Author
Disclaimer
IB Code
Corporate Insolvency
Individual and Firms
Administrative
Write To Us
Donation
Quick contact info
Monday-Saturday: 10am To 8pm;
Sunday: Closed
Ground Floor, 106, Golf Club Road,
Kolkata - 700 033
support@goodwork.co.in
Call: 033 48141488
Call: 098322 51647
Bankruptcy Rules
VIEW INDEX
Bankruptcy Process of Personal Guarantors' Rules
Case Law
Related Sections
1.
Short title and commencement
2.
Application
3.
Definitions
4.
Relatives
View Section
5.
Excluded assets
View Section
6.
Application by guarantor
View Section
7.
Application by creditor
View Section
8.
Confirmation or nomination of insolvency professional
View Section
9.
Public notice
View Section
10.
Notice to creditors
11.
Statement of financial position
View Section
12.
Claim with proof
View Section
13.
Notice of dividend
View Section
14.
Copy of application
15.
Restriction on bankrupt
View Section
16.
Filing of application and documents
Bankruptcy Regulations
VIEW INDEX
Bankruptcy Process of Personal Guarantors' Regulations
Case Law
Related Sections
1.
Short title, commencement and application
2.
Definitions
3.
Eligibility of bankruptcy trustee
View Section
4.
Fees of bankruptcy trustee
View Section
5.
Appointment of professionals
View Section
6.
Registers and books
7.
Reports by bankruptcy trustee
View Section
8.
Preliminary report
9.
Early completion of administration
View Section
10.
Progress reports
View Section
11.
Final report
12.
Persons to extend cooperation
13.
Preservation of records
14.
Future claims
15.
Negotiable instruments
16.
Periodical payments
17.
Determination of quantum of claim
View Section
18.
Debt in foreign currency
19.
Transfer of debt due to creditors
View Section
20.
Committee of creditors
View Section
20A.
Facilitation of transfer of assets
21.
Notice for meeting
View Section
22.
Quorum
23.
Conduct of meeting
View Section
24.
Voting share
View Section
25.
Voting by the committee
26.
Voting by proxy
27.
Mode of sale
View Case Laws
View Section
28.
Acquisition, etc., of after acquired property by bankrupt
View Section
29.
Disclaimer of onerous property
View Section
30.
Valuation of assets
View Case Laws
31.
Realisation of security interest
32.
Bank account for bankruptcy process
33.
Distribution of dividend to claimant of deceased creditor
View Section
34.
Distribution of dividend
View Section
35.
Return of amount
36.
Unclaimed proceeds of bankruptcy or undistributed assets
37.
Debt counselling
38.
Fresh Start Process
SCHEDULE II.
Mode of sale [Under regulation 27]
View Case Laws
Back