The Insolvency and Bankruptcy Code has changed the way NPAs are managed in India. IBC consolidates all the laws related to insolvency in India by creating a single law. It helps to ensure confidence of banks, foreign investors, and associated companies in crisis mitigation mechanisms.

As a law practitioner, insolvency practitioner or a creditor, it is essential to learn the procedure for filing an insolvency petition. This course takes the learner through the various aspects of filing petitions under the IBC whether as a financial creditor, operational creditor or as a corporate applicant.

REQUIREMENTS

You can take this course, if:

• You are a recent law graduate or graduating from law school
• You have a basic understanding of legal practice and procedure
• You are a creditor/corporate initiating IRP
• You already know the basics of Insolvency & Bankruptcy Law (If not, you can also watch our course on ‘Insolvency Essentials’)

• 1. Introduction
  • 1.1 Welcome
  • I. Examination pointers
• 2. General meetings
  • I. Relevant sections
  • 2.1 Locus and jurisdiction
  • 2.2 Who cannot invoke?
• 3. Filing by financial creditors
  • I. Relevant sections
  • 3.1 Introduction
  • 3.2 Initiating the Insolvency Resolution Process on default in repayment of financial debt
  • 3.3 Person who can file an application under Section 7
  • 3.4 Specific category of financial creditors
  • 3.5 Gathering information
  • 3.6 Setting the wheels in motion
  • 3.7 Filing the application: Filling the form
  • 3.8 Crash landing or safe landing
  • 3.9 Procedural aspect
  • 3.10 Accepting or rejecting application
  • 3.11 Withdrawal
  • 3.12 Admitting application and appointing IRP
  • 3.13 Moratorium
  • 3.14 Public announcement
  • II. Examination pointers
  • III. Full text of leading cases
• 4. Filing by operational creditors
  • I. Relevant sections
  • 4.1 Introduction
  • 4.2 Demand notice with invoice
  • 4.3 Demand notice Form 3
  • 4.4 Disputing the operational debt
  • 4.5 Initiating CIRP
  • 4.6 Procedure for filing
  • 4.7 Notice to corporate debtor
  • 4.8 Accepting application
  • 4.9 Rejecting application
  • II. Examination pointers
  • III. Full text of leading cases
• 5. Insolvency by corporate applicant
  • I. Relevant sections
  • 5.1 Introduction
  • 5.2 Eligibility as a corporate applicant
  • 5.3 Application by corporate applicant
  • 5.4 Filing as corporate applicant
  • II. Examination pointers
• 6. Conclusion
  • 6.1 Road ahead
• I. Exercises
  • Exercise Set I
  • Exercise Set II
  • Exercise Set III
  • Exercise Set IV
• II. INDEX (FULL TEXT OF CASES)
  • INDEX: Full text of cases