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Insolvency and Bankruptcy Law in India

By Prof. A Sridhar   |   NALSAR University of Law
Learners enrolled: 132
ABOUT THE COURSE:

The enactment of Insolvency and Bankruptcy Code in 2016 has renewed the vigor of the law relating to insolvency in India with a special emphasis on the handling non-performing assets crisis. The Main aim of IBC is to maximize the realization of assets, which is tried to achieve through Corporate Insolvency Resolution process which is Creditor Centric. The Legislation also has the fixed timeline within which the CIRP process needs to be completed. Failing which the company will be liquidated under the Legislation.

This Course dwells upon the Importance of IBC and legal intricacies involved in resolution Process and Liquidation Process

INTENDED AUDIENCE: Students, Law Graduates, Corporate Professionals etc.

PREREQUISITES: Basic Understanding of Corporate Laws

Summary
Course Status : Upcoming
Course Type : Elective
Language for course content : English
Duration : 12 weeks
Category :
  • Law
Credit Points : 3
Level : Undergraduate/Postgraduate
Start Date : 21 Jul 2025
End Date : 10 Oct 2025
Enrollment Ends : 28 Jul 2025
Exam Registration Ends : 15 Aug 2025
Exam Date : 01 Nov 2025 IST
NCrF Level   : 4.5 — 8.0

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits



Course layout

Week 1:  Introduction and History of Insolvency Laws
  • Insolvency-Concept and Evolution
  • Historical Background of Insolvency law in UK and India

Week 2: Insolvency of Corporates under Old Regime
  • Provisions under Companies Act, 1956
  • Sick Industrial Companies Act, 1985, BIFR
  • Various Committees Reports on Insolvency Laws

Week 3: Insolvency and Bankruptcy Code
  • Applicability of IBC and Definitions
  • Who may Initiate CIRP

Week 4: Initiation of CIRP
  • Initiation of CIRP by Financial Creditor
  • Initiation of CIRP by Operational Creditor
  • Initiation of CIRP by Corporate Debtor

Week 5: Commencement of CIRP
  • Moratorium
  • Committee of Creditors and their Meetings
  • Voting by CoC

Week 6: CIRP Process
  • Contents of Information Memorandum
  • Submission of Resolution Plan and Resolution Applicants
  • Approval Resolution Plan by Adjudicating Authority

Week 7: Authorities and Agencies under IBC
  • Law relating to Insolvency Professionals
  • Insolvency Professional Agencies
  • Information Utility
  • IBBI Functions, Duties and Powers

Week 8: 
  • Fast Track Resolution Process
  • Pre-Packed Insolvency Resolution Process

Week 9: Liquidation of Corporate Person
  • Liquidation order by NCLT
  • Appointment and Replacement of Liquidator

Week 10: Liquidation process
  • Rights and Duties of Liquidator
  • Public Announcement, Claims & reports in Liquidation
  • List of Stakeholders, Constitution of Stakeholders
  • Consultation of Committee, Its meetings & Powers

Week 11: Avoidance of Transactions

Week 12: 
  • Sale in Liquidation
  • Distribution in Liquidation

Books and references

  1. Mulla on the Law of Insolvency in India, Lexis Nexis India 
  2. Goode on Principles of Corporate Insolvency Law, Sweet & Maxwell, 2018za 
  3. John Duns, Insolvency: Law and Policy, OUP, New York 
  4. Bloomsbury’s Manual of the Insolvency and Bankruptcy Code, 2016 
  5. V.S.Wahi’s Treatise on Insolvency and Bankruptcy Code, Bharat Publications, 2022  
  6. Taxmann’s Insolvency and Bankruptcy Code, 2016.  
  7. V. S. Datey Guide to Insolvency and Bankruptcy Code, Taxmann’s Publications.   
  8. Prachi Manekar Wazalwar NCLT and NCLAT – Law, Practice and Procedure, Bloomsbury Publication.   
  9. Publications of IBBI – Annual Publications, Newsletters. 
  10. Justice L. Nageswara Rao &Avinash Krishnan Ravi: Corporate Insolvency Resolution Process and Liquidation under Insolvency and Bankruptcy Code,(Lexis Nexis) (2023) 
  11. Sumant Batra, Corporate Insolvency, (Eastern Book Company) (2017) 
  12. Edward Bailey &Hugogroves, Corporate Insolvency: Law and Practice, (Lexis Nexis) 4th Edn. 
  13. Raghav Pandey, The Law of Corporate Insolvency: Resolution and Liquidation (Thomson Reuters) 2021. 
  14. A. B. Debasis Rout ,Kaushiki Brahma, Mayank Tiwari, Contemporary Issues on the Laws of Insolvency & Bankruptcy, Eastern Book Company, (2023) 
  15. Royston Miles Goode, Principles of Corporate Insolvency Law, Sweet & Maxwell, 2011. 
  16. Vanesa Finch, David Milman, Corporate Insolvency Law, Perspectives and Principles, Cambridge, 2017.
  17.  Reinhard Bork, Corporate Insolvency Law, 2nd Edition, A Comparative Textbook.

Instructor bio

Prof. A Sridhar

NALSAR University of Law
Dr. A Sridhar, is an Assistant Professor in NALSAR University of Law, Hyderabad. Before Joining NALSAR, He Practiced as a Company Secretary for a Decade where he handled various corporate law issues. He has done his LL.M from NALSAR University of Law and did his Ph.D. in Law from Osmania University on the Topic “Competition Issues in Air Transportation Sector and Indian Aviation Policy: A Critical Analysis”. He worked as Part-Time Lecturer at PG College of Law, Osmania University, Basheerbagh, Hyderabad. He is a Panel member at Syllabus Framing Committee at Symbiosis Law School, Hyderabad for LLM Course. He acted as co-convener/co-ordinator for 9 seminars/workshops conducted by PG College of Law, OU. He Designed and acted as coordinator for “Ten Day Workshop for Faculty Development, Research and Teaching with Inter-Disciplinary Approach in Law and Social Sciences: Emerging Trends” sponsored by Ministry of Human Resource Development, Government of India under “Rashtriya Uchchatar Shiksha Abhiyan 2.0 Scheme” Conducted by PG College of Law, OU.
He Edited Two Books Namely “Corporate Laws The Challenges of 21st Century” and “Recent Trends in Corporate Laws: Impact on Socio-Economic Development in India”. He Published 12 articles and presented 21 research papers at National Level, 9 Research Papers at International Level Seminars and Participated in 4 International and National Seminars. Acted as a resource person for the technical session on “Inclusive growth and Various dimensions” at UGC-ICSSR Sponsored Two Day Global Seminar on “Dr. B.R.Ambedkar & Constitutionalism” held in the Year 2018 conducted by Department of Law, OU and also acted as resource person for the “National Symposium on Consumerism, Consumer citizenship and sustainable Consumption” conducted by Symbiosis Law School, Hyderabad held in the year 2020.
He is the resource person for Institute of Company secretaries of India (ICSI) for EDP and MSOP Programme conducted by the Institute. He is also resource person for Few Courses in Corporate Law Regime at Symbiosis Law School Hyderabad. He has given guest Lectures on various topics relating to corporate laws and Commercial Drafting etc., at various Institutions/Organizations like MSME Facilitation Center, Hyderabad, Government of India, KL University, Symbiosis Law School Hyderabad, ICFAI University and Other Institutions.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams : November 01, 2025 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

Please note that assignments encompass all types (including quizzes, programming tasks, and essay submissions) available in the specific week.

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Madras. It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team


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