Insolvency and Bankruptcy Code with Rules and Regulations is an authoritative and comprehensive statutory–cum–procedural compendium that presents the Insolvency and Bankruptcy Code 2016 as a fully administered, self-contained insolvency framework, rather than a mere collection of legislative provisions. Updated with the law as amended, notified, and in force, this publication integrates the complete text of the Code with its entire subordinate legislative architecture—Rules, Regulations issued by the Insolvency and Bankruptcy Board of India (IBBI), and all relevant Notifications issued under the Code. The editorial approach of this work is decisively practical. It enables readers to seamlessly navigate from substantive statutory provisions to procedural rules, regulatory compliances, prescribed forms, timelines, and notification-based applicability, making it a dependable single-desk reference for insolvency resolution, liquidation, voluntary liquidation, pre-packaged insolvency, personal guarantor proceedings, and the regulation of insolvency professionals and information utilities.

This publication is indispensable for professionals and institutions that require statutory certainty combined with procedural usability, including:

• Insolvency Professionals (IRPs, RPs, Liquidators, Bankruptcy Trustees) engaged in CIRP, liquidation, PPIRP, and personal guarantor processes
• Advocates and Law Firms practising before NCLT, NCLAT, DRT/DRAT, High Courts, and the Supreme Court
• Chartered Accountants, Company Secretaries & Cost Accountants advising on stressed assets, restructuring, claims, and insolvency compliance
• Banks, Financial Institutions, NBFCs & ARCs involved in credit enforcement, resolution planning, and stakeholder coordination
• Corporate Executives & In-house Legal Teams managing insolvency exposure and creditor/debtor strategy
• Academics, Researchers & Advanced Students of insolvency and bankruptcy law

The Present Publication is the 11^th Edition | 2026, updated till 20^th December 2025. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

• [Authoritative Statutory Text] Presents the verified and unaltered text of the Insolvency and Bankruptcy Code 2016, incorporating all amendments notified
• [Complete Rules & Regulations Coverage] Consolidates all applicable Rules and Regulations issued under the Insolvency and Bankruptcy Code, including those governing CIRP, liquidation, voluntary liquidation, pre-packaged insolvency, personal guarantors, insolvency professionals, insolvency professional agencies, and information utilities
• [Amendments at a Glance] Provides section-wise tables summarising amendments (including those introduced by the Insolvency and Bankruptcy Code (Amendment) Act 2021), with effective dates and the nature of legislative changes for quick reference
• [IBC at a Glance – Conceptual Overview] Includes an explanatory overview outlining the objectives, structure, and design philosophy of the IBC, enabling readers to quickly grasp the scheme of insolvency resolution and bankruptcy under Indian law
• [Procedural Lifecycle Alignment] Arranges Rules and Regulations in a logical sequence that mirrors the actual lifecycle of insolvency proceedings—from initiation and resolution to liquidation, distribution, and closure
• [Integrated Notifications] Incorporates all relevant Notifications issued under the Insolvency and Bankruptcy Code, facilitating verification of applicability, commencement, thresholds, and special regimes (including financial service providers)
• [Appendix to Allied Laws] Contains an appendix identifying provisions of other Acts referred to in the Insolvency and Bankruptcy Code, ensuring statutory continuity and interpretive clarity
• [Forms, Schedules & Compliance Formats] Reproduces prescribed forms, schedules, registers, and procedural formats embedded within the Rules and Regulations, supporting execution-level compliance and filings
• [Structured Navigation Tools] Supported by an arrangement of sections, detailed contents, and a comprehensive subject index for fast and accurate statutory navigation

The contents of the book are as follows:

• Division One – Insolvency and Bankruptcy Code 2016
  • Arrangement of Sections and part-wise presentation of the Code
  • Comprehensive coverage of:
    • Corporate Insolvency Resolution Process (CIRP)
    • Liquidation and Voluntary Liquidation
    • Pre-Packaged Insolvency Resolution Process (Sections 54A–54P)
    • Fast Track Insolvency
    • Insolvency and Bankruptcy for Individuals and Personal Guarantors
    • Regulation of Insolvency Professionals, Agencies, and Information Utilities
  • Schedules and miscellaneous provisions forming an integral part of the Code
  • Appendix containing provisions of other Acts referred to in the IBC
  • Text of the Insolvency and Bankruptcy Code (Amendment) Act 2021
• Division Two – Rules and Regulations
  • A fully consolidated and updated presentation of all major Rules and Regulations issued under the Code, including:
    • IBBI (Insolvency Professional Agencies) Regulations 2016
    • IBBI (Insolvency Professionals) Regulations 2016
    • IBC (Application to Adjudicating Authority) Rules 2016
    • IBBI (CIRP for Corporate Persons) Regulations 2016
    • IBBI (Liquidation Process) Regulations 2016
    • IBBI (Voluntary Liquidation Process) Regulations 2017
    • IBBI (Information Utilities) Regulations 2017
    • IBBI (Fast Track Insolvency Resolution Process) Regulations 2017
    • Rules and Regulations governing Personal Guarantors to Corporate Debtors
    • Rules relating to Insolvency and Liquidation of Financial Service Providers
    • Pre-Packaged Insolvency Resolution Process Rules and Regulations 2021
  • These are presented in a procedurally logical sequence, mirroring the actual lifecycle of insolvency proceedings—from initiation to resolution, liquidation, distribution, and closure
• Division Three – Notifications
  • Comprehensive compilation of Notifications issued under the Insolvency and Bankruptcy Code 2016, including those relating to enforcement, thresholds, special classes of debtors, and institutional arrangements

The structure of the book is as follows:

• Division-based Architecture
  • Core Code
  • Rules & Regulations
  • Notifications
• Section-wise and Regulation-wise Layout, ensuring precise statutory referencing
• Use of Overview Tables, Amendment Summaries, Appendices, and Indices to enhance interpretability.

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