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 113: Notice of decisions taken at meeting of creditors.
    The resolution professional shall provide a copy of the report of the meeting of creditors prepared under section 99 to—
         (a) the debtor;
         (b) the creditors, including those who were not present at the meeting; and
         (c) the Adjudicating Authority.
Previous Section Next Section
Scroll to Top