CLP The Insolvency and Bankruptcy Code, 2016 by Parachi Wazalwar Edition May 2026

Insolvency Bankruptcy Code 2016 P. Wazalwar Edition May 2026

Insolvency Bankruptcy Code 2016 P. Wazalwar Edition May 2026

Description

This 2026 edition of The Insolvency and Bankruptcy Code, 2016, updated up to 16-4-2026 and incorporating all amendments introduced by The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (6 of 2026, dated 6-4-2026), serves as a comprehensive and authoritative legal reference for students, legal professionals, insolvency practitioners, bankers, financial institutions, and corporate advisors. Presented as a Bare Act with short comments, this volume offers the precise statutory text of the law along with concise explanatory notes, making it highly useful for examination preparation, legal research, and practical application.

The book contains the full text of the Insolvency and Bankruptcy Code, 2016, enacted under Act 31 of 2016 dated 28-5-2016, as currently in force after all recent legislative updates. It is published along with relevant Rules and Regulations, ensuring complete coverage of the procedural and regulatory framework governing insolvency resolution and bankruptcy matters in India.

The content spans the full scope of the Insolvency and Bankruptcy Code, including:

• Preliminary Provisions, Definitions, and Applicability
• Corporate Insolvency Resolution Process (CIRP)
• Fast Track Corporate Insolvency Resolution
• Liquidation Process for Corporate Persons
• Voluntary Liquidation Procedures
• Insolvency Resolution and Bankruptcy for Individuals and Partnership Firms
• Role, Powers, and Functions of Insolvency Professionals
• Information Utilities and Their Legal Framework
• Constitution, Powers, and Jurisdiction of NCLT, NCLAT, DRT, and DRAT
• Avoidance Transactions – Preferential, Undervalued, Extortionate Credit, and Fraudulent Transactions
• Moratorium, Resolution Plans, and Committee of Creditors
• Offences, Penalties, and Adjudication Mechanisms
• Relevant Rules, Regulations, and Latest Compliance Requirements
• Updated provisions introduced by the 2026 Amendment Act

This edition is particularly suitable for:-

• Advocates and litigators handling insolvency and restructuring matters
• Insolvency Professionals (IPs) and Resolution Professionals (RPs)
• Chartered accountants, company secretaries, and compliance officers
• Banks, NBFCs, and financial institutions managing stressed assets
• Corporate advisors involved in restructuring, mergers, and recovery matters

Whether used in the courtroom, office, classroom, or for competitive examinations, this updated text delivers the full legislative authority of The Insolvency and Bankruptcy Code, 2016, with Rules & Regulations, as applicable in 2026.

About the Author :- Prachi Wazalwar

She is a highly accomplished corporate lawyer, qualified company secretary, and founder of Wazalwar & Associates, a boutique law firm specializing in corporate and commercial laws. With extensive experience in handling complex matters related to company law, insolvency, restructuring, mergers and acquisitions, and shareholder disputes, she has been recognized as an authority in the Indian legal landscape.