Act Number: 31

Act Name: The Insolvency and Bankruptcy Code, 2016.

Year: 2016

Enactment Date: 2016-05-28

Long Title: 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.

Ministry: Ministry of Corporate Affairs

Department:

Section 104: Preparation of list of creditors.
    (1) The resolution professional shall prepare a list of creditors on the basis of—
         (a) the information disclosed in the application filed by the debtor under section 94 or 95, as the case may be;
         (b) claims received by the resolution professional under section 102.
    (2) The resolution professional shall prepare the list mentioned in sub-section (1) within thirty days from the date of the notice.
Notes:
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