This book contains a compilation of amended, updated & annotated text of the Insolvency and Bankruptcy Code 2016 (IBC)[as amended by the Insolvency and Bankruptcy Code (Amendment) Act 2021].

What sets this book apart is the unique way of presenting the text of the IBC along with Relevant Rules/Regulations, Guidelines, Notifications, Circulars, RBI Directions, etc. In other words, read the Section of the IBC and get the following:

• 28+ Relevant Rules/Regulations

• 7+ Relevant Guidelines issued under the IBC

• Relevant Notifications issued under the IBC

• Relevant Circulars issued under the IBC

• RBI (Prudential Framework for Resolution of Stressed Assets) Directions 2019

Along with the above, the readers also get a specially curated & comprehensive Guide to Insolvency & Bankruptcy Code (Amendment) Act 2021.

The Present Publication is the 15th Edition, authored by Taxmann's Editorial Board, updated till January 2022, with the following noteworthy features:

• [Taxmann's series of Bestseller Books] on IBC

• [Follows the six-sigma approach] to achieve the benchmark of 'zero error.'

•[Previous Amendments] made by the following:

o Insolvency and Bankruptcy Code (Amendment) Act, 2021

o Insolvency and Bankruptcy Code (Second Amendment) Act, 2020 & Insolvency and Bankruptcy Code (Amendment) Act, 2020

o Insolvency and Bankruptcy Code (Amendment) Act, 2019

• [Tables] showing enforcement of Provisions of the IBC

The contents of the book are as follows:

• Insolvency and Bankruptcy Code, 2016

o Arrangement of Sections

o Text of Insolvency and Bankruptcy Code, 2016 as amended by Insolvency and Bankruptcy Code (Amendment) Act, 2021

o Appendix: Provisions of other Acts referred to in Insolvency and Bankruptcy Code

o Insolvency and Bankruptcy Code (Amendment) Act, 2021

o Insolvency and Bankruptcy Code (Second Amendment) Act, 2020

o Insolvency and Bankruptcy Code (Amendment) Act, 2020

o Insolvency and Bankruptcy Code (Amendment) Act, 2019

o Subject Index

•Rules and Regulations

o Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016

o Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016

o Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016

o Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016

o Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

o Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

o Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Salary, Allowances and Other Terms and Conditions of Service of Chairperson and Members) Rules, 2016

o Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Employees' Service) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017

o Insolvency and Bankruptcy Board of India (Annual Report) Rules, 2018

o Insolvency and Bankruptcy Board of India (Form of Annual Statement of Accounts) Rules, 2018

o Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018

o Companies (Registered Valuers and Valuation) Rules, 2017

o Insolvency and Bankruptcy Board of India (Medical Facility to Chairperson and Whole-time Members) Scheme Rules, 2019

o Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019

o Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019

o Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019

o Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

o Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

o Insolvency and Bankruptcy (Pre-packaged Insolvency Resolution Process) Rules, 2021

o Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021

• Guidelines issued under Insolvency and Bankruptcy Code, 2016

o Guidelines for Technical Standards for the Performance of Core Services and Other Services under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

o Guidelines for empanelment of advocates

o Insolvency and Bankruptcy Board of India (Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations) Guidelines, 2020

o Insolvency and Bankruptcy Board of India (Use of Caveats, Limitations and Disclaimers by the Registered Valuers in Valuation Reports) Guidelines, 2020

o Insolvency and Bankruptcy Board of India (Continuing Professional Education for Insolvency Professionals) Guidelines, 2019

o Guidelines for Appointment of Insolvency Professionals as Administrators under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018

o Insolvency Professionals to Act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2021

•Notifications issued under Insolvency and Bankruptcy Code, 2016

•Circulars issued under Insolvency and Bankruptcy Code, 2016

• RBI (Prudential Framework for Resolution of Stressed Assets) Directions, 2019