The Insolvency and Bankruptcy Code, 2016
India's insolvency law — how a corporate debtor's default is resolved by its creditors in a time-bound process, when it is liquidated, the pre-packaged process for small companies, fresh start, insolvency and bankruptcy for individuals and partnership firms, and the Insolvency and Bankruptcy Board of India. All 283 sections and every Schedule.
An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Sixty-seventh Year of the Republic of India as follows:—
India Code's text is as on 2 July 2026 and carries the Insolvency and Bankruptcy Code (Amendment) Act, 2026.
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Preliminary
ss. 1–3Preliminary
ss. 4–5Corporate Insolvency Resolution Process
ss. 6–32ALiquidation Process
ss. 33–54Pre-packaged Insolvency Resolution Process2
ss. 54A–54P2 Ins. by Act 26 of 2021, s. 8 (w.e.f. 4-4-2021).
Voluntary Liquidation of Corporate Persons
s. 59Adjudicating Authority for Corporate Persons
ss. 60–67AOffences and Penalties
ss. 68–77APreliminary
ss. 78–79Fresh Start Process
ss. 80–93Insolvency Resolution Process
ss. 94–120Bankruptcy Order for Individuals and Partnership Firm
ss. 121–148Administration and Distribution of the Estate of the Bankrupt
ss. 149–178Adjudicating Authority for Individuals and Partnership Firms
ss. 179–183AOffences and Penalties
ss. 184–187The Insolvency and Bankruptcy Board of India
ss. 188–195Powers and Functions of the Board
ss. 196–198Insolvency Professional Agencies
ss. 199–205Insolvency Professionals
ss. 206–208Information Utilities
ss. 209–216Inspection and Investigation
ss. 217–220Finance, Accounts and Audit
ss. 221–223Miscelleneous
ss. 224–255The Schedules
12 in allNo section matches that.