Everything You Need to Know About the Insolvency and Bankruptcy Code (IBC)
                     Everything You Need to Know About 
the Insolvency and Bankruptcy Code 
(IBC)
INTRODUCTION TO IBC
• The Insolvency and Bankruptcy Code (IBC) 2016 is 
a significant economic reform in India, consolidating 
all laws related to bankruptcy and insolvency.
• It aims to bring uniformity to India’s scattered 
bankruptcy laws and streamline the resolution 
process.
WHAT IS IBC ABOUT?
• The Insolvency and Bankruptcy Code applies to 
companies, limited liability partnerships (LLPs), 
partnership firms, corporate persons, and individuals 
in cases of insolvency, liquidation, or bankruptcy.
• It aims to reorganize and resolve insolvency in a 
time-bound manner while balancing the interests of 
creditors and stakeholders.
Everything You Need to Know About the Insolvency and Bankruptcy Code (IBC)
OBJECTIVES OF IBC
• Timely Resolution: Resolve insolvency cases 
promptly to minimize losses for creditors and 
stakeholders.
• Maximize Asset Value: Ensure maximum value for 
the Corporate Debtor (CD) assets during resolution.
• Promote Entrepreneurship: Encourage 
entrepreneurship and availability of credit while 
balancing interests of all stakeholders.
Everything You Need to Know About the Insolvency and Bankruptcy Code (IBC)
INFRASTRUCTURE OF IBC
• Insolvency Professionals (IPs): Regulated 
professionals managing 
Corporate Insolvency Resolution Process (CIRP) or 
liquidation.
• Information Utilities (IUs): Collect, collate, and 
disseminate financial information of Corporate 
Debtors.
• Adjudicating Authorities (AAs): Specialized 
tribunals ensuring compliance with IBC.
• Insolvency and Bankruptcy Board of India (IBBI): 
Regulator overseeing IPs, IUs, and related entities.
Everything You Need to Know About the Insolvency and Bankruptcy Code (IBC)
BENEFITS OF IBC
• Timely Resolution: Ensures prompt resolution of 
insolvencies, minimizing losses.
• Certainty and Clean Title: Provides certainty in 
settling liabilities and ownership of assets.
• Prevents Fraudulent Activities: Transfers control 
from debtor to Insolvency Professional to prevent 
fraud.
Everything You Need to Know About the Insolvency and Bankruptcy Code (IBC)
CONCLUSION
• IBC aims at resolving insolvency cases in a time-
bound manner, benefiting all stakeholders.
• It continues to evolve with amendments and judicial 
rulings, providing a fresh start to the Indian industry 
while deterring defaulters.
• Companies like Ancoraa Resolution have 
experienced Insolvency professionals who provide a 
unified perspective on insolvency and bankruptcy 
proceedings.
Everything You Need to Know About the Insolvency and Bankruptcy Code (IBC)
THANK YOU