Cited for the winding-up and recovery material, and for the relationship between the bank’s remedies and the corporate insolvency process.
The sections below are the ones the LL.B. papers examine on this Act, with the unit that covers each and the cases decided on it. The official text is on India Code ↗.
Sections in the syllabus
s. 1(3)
s. 3, 5 and 79
Covered in Unit 1 · Foundations of the Code.
s. 3(6)
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 3(6), 3(11) and 3(12)
Covered in Unit 1 · Foundations of the Code.
s. 3(12)
s. 3(30)
s. 3(31)
s. 5(8)
s. 5(8)(f)
s. 5(21)
s. 6
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 7
- Innoventive Industries Ltd. v. ICICI Bank (2017)
- Mobilox Innovations Pvt. Ltd. v. Kirusa Software Pvt. Ltd. (2017)
- Pioneer Urban Land and Infrastructure Ltd. v. Union of India (2019)
- Manish Kumar v. Union of India (2021)
- Vidarbha Industries Power Ltd. v. Axis Bank Ltd. (2022)
- K. Paramasivam v. The Karur Vysya Bank Ltd. (2022)
- Ebix Singapore Pvt. Ltd. v. Committee of Creditors of Educomp Solutions Ltd. (2021)
s. 7(5)
s. 7(5)(a)
s. 7, 8 and 9
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 8
s. 8(1)
s. 9
s. 9(5)
s. 9(5)(a)
s. 10
s. 11
s. 12
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 12A
s. 14
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 21
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 21(8), 30(4) and 12A
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 29A
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 30
s. 30(2)
s. 30(2)(e)
s. 30(4)
s. 30 and 31
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 31
- ArcelorMittal India Pvt. Ltd. v. Satish Kumar Gupta (2018)
- K. Sashidhar v. Indian Overseas Bank (2019)
- Ghanashyam Mishra and Sons Pvt. Ltd. v. Edelweiss Asset Reconstruction Company Ltd. (2021)
- Lalit Kumar Jain v. Union of India (2021)
- Ebix Singapore Pvt. Ltd. v. Committee of Creditors of Educomp Solutions Ltd. (2021)
s. 31(1)
s. 33
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 43 to 51
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 48
s. 52
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 53
Covered in Unit 2 · Corporate Insolvency and Liquidation.
s. 53(1)
s. 53(2)
s. 60
Covered in Unit 2 · Corporate Insolvency and Liquidation, Unit 4 · CSR, Winding Up, Governance and Insider Trading.
s. 60(5)
s. 60(5)(c)
s. 61
s. 61(3)
s. 64
s. 64A
s. 78 and 79
Covered in Unit 3 · Individual Insolvency and Bankruptcy.
s. 80
Covered in Unit 3 · Individual Insolvency and Bankruptcy.
s. 94
s. 96
s. 96(1)(b)
s. 96 and 101
Covered in Unit 3 · Individual Insolvency and Bankruptcy.
s. 97
s. 97(5)
s. 99
s. 99(1)
s. 100
s. 111
Covered in Unit 3 · Individual Insolvency and Bankruptcy.
s. 121 and 126
Covered in Unit 3 · Individual Insolvency and Bankruptcy.
s. 178
Covered in Unit 3 · Individual Insolvency and Bankruptcy.
s. 179
Covered in Unit 3 · Individual Insolvency and Bankruptcy.
s. 188 and 189
Covered in Unit 4 · The Institutional Framework.
s. 196
Covered in Unit 4 · The Institutional Framework.
s. 196(1)
s. 200 and 204
Covered in Unit 4 · The Institutional Framework.
s. 206 and 208
Covered in Unit 4 · The Institutional Framework.
s. 214 and 215
Covered in Unit 4 · The Institutional Framework.
s. 217
s. 218
s. 220
Covered in Unit 4 · The Institutional Framework.
s. 224
s. 238
Covered in Unit 1 · Foundations of the Code.
s. 239, 240 and 241
Covered in Unit 1 · Foundations of the Code.
s. 240A
s. Long title
Covered in Unit 1 · Foundations of the Code.
s. ss. 3(12), 4, 5, 6, 7, 8, 9, 10, 11, 14 and 238A
Covered in Unit 3 · LLP, Company Notices and Insolvency.
Cases on this Act
- Swiss Ribbons Pvt. Ltd. v. Union of India (2019)
- Innoventive Industries Ltd. v. ICICI Bank (2017)
- Mobilox Innovations Pvt. Ltd. v. Kirusa Software Pvt. Ltd. (2017)
- Pioneer Urban Land and Infrastructure Ltd. v. Union of India (2019)
- Manish Kumar v. Union of India (2021)
- Vidarbha Industries Power Ltd. v. Axis Bank Ltd. (2022)
- ArcelorMittal India Pvt. Ltd. v. Satish Kumar Gupta (2018)
- K. Sashidhar v. Indian Overseas Bank (2019)
- Ghanashyam Mishra and Sons Pvt. Ltd. v. Edelweiss Asset Reconstruction Company Ltd. (2021)
- State Tax Officer (1) v. Rainbow Papers Ltd. (2022)
- Lalit Kumar Jain v. Union of India (2021)
- Dilip B. Jirwajka v. Union of India (2023)
- Ravi Ajit Kulkarni v. State Bank of India (2021)
- Axis Trustee Services Ltd. v. Brij Bhushan Singhal (2022)
- K. Paramasivam v. The Karur Vysya Bank Ltd. (2022)
- Embassy Property Development Pvt. Ltd. v. State of Karnataka (2019)
- Gujarat Urja Vikas Nigam Ltd. v. Amit Gupta (2021)
- Ebix Singapore Pvt. Ltd. v. Committee of Creditors of Educomp Solutions Ltd. (2021)
- Insolvency and Bankruptcy Board of India v. Rishi Prakash Vats (2019)