Corporate Insolvency Law – complete LL.B. course on the Insolvency and Bankruptcy Code, 2016 (IBC): CIRP, Sections 7, 9 & 10, Committee of Creditors, resolution plan, pre-packaged insolvency, liquidation, waterfall (Section 53) and cross-border insolvency, with the landmark Supreme Court judgments explained one by one. Useful for LL.B., judiciary exams, UGC NET and CLAT PG.
Notes:
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Chapters:
00:00 Introduction: Corporate Insolvency Law
00:54 Unit 1: Meaning of Corporate Insolvency
03:30 History of Insolvency Law in India
06:34 Tiwari, Eradi, Mitra, Irani Committees
09:34 Bankruptcy Law Reforms Committee 2015
11:41 Swiss Ribbons v. Union of India (2019)
13:52 Insolvency vs Bankruptcy vs Rescue
15:23 UNCITRAL & World Bank Principles
17:06 Moratorium, Pari Passu, Cramdown
18:27 Unit 2: IBC 2016 – Objectives
20:11 Structure of the IBC
23:12 Five Pillars – IBBI (Sec 188–196)
24:37 Insolvency Professional Agency & IP
26:29 NCLT & NCLAT – Sec 60, 61, 62
28:35 Claim, Debt, Default – Section 3
29:56 Minimum Default ₹1 Crore – Section 4
30:26 Financial vs Operational Creditor (Sec 5)
31:40 Dispute, Related Party, Resolution Plan
34:13 Innoventive Industries v. ICICI Bank (2017)
35:59 Mobilox v. Kirusa Software (2017)
37:44 Macquarie Bank v. Shilpi Cable (2017)
39:27 Unit 3: CIRP – Steps & 180 Days (Sec 12)
41:22 Who Can Initiate CIRP – Sec 6, 10A, 11
42:47 SBI v. Videocon (NCLT 2019)
44:26 CIRP by Financial Creditor – Section 7
45:48 Vidarbha Industries v. Axis Bank (2022)
47:22 M. Suresh Kumar Reddy v. Canara Bank (2023)
48:03 Financial Debt – Orator Marketing (2021)
49:43 Maitreya Doshi v. Anand Rathi (2022)
51:20 K. Paramasivam v. Karur Vysya Bank (2022)
52:35 Operational Creditor – Sections 8 & 9
54:40 Financial vs Operational Creditors
56:39 CIRP by Corporate Debtor – Section 10
57:54 Homebuyers as Financial Creditors
58:28 Nikhil Mehta v. AMR Infrastructure (2017)
1:00:17 Pioneer Urban Land v. Union of India (2019)
1:01:33 Manish Kumar v. Union of India (2021)
1:02:07 Vishal Chelani v. Debashis Nanda (2023)
1:03:03 Manshi Barad Fernandes v. Shubha Sharma (2025)
1:04:17 Debenture Holders – Section 21(6A)
1:04:45 Admission & Moratorium – Sec 13, 14
1:06:13 Interim Resolution Professional – Sec 17
1:07:05 Section 12A Withdrawal – GLAS Trust (2024)
1:10:44 Committee of Creditors – Section 21
1:12:27 Synergies Dooray – Related Party Bar
1:13:57 CoC Voting – 51%, 66%, 90%
1:15:20 K. Sashidhar v. Indian Overseas Bank (2019)
1:17:22 Essar Steel v. Satish Kumar Gupta (2019)
1:20:06 Kalyani Transco v. Bhushan Power (2025)
1:21:18 Resolution Process – Sec 23, 25, 29
1:22:10 Section 29A – Ineligible Applicants
1:23:11 Resolution Plan – Section 30
1:24:27 NCLT Approval – Section 31 & 32A
1:28:09 Unit 4: Corporate Restructuring
1:29:26 Debt & Equity Restructuring – RBI, Sec 66
1:31:59 Section 230 Scheme vs Resolution Plan
1:34:13 Arun Kumar Jagatramka v. Jindal Steel (2021)
1:35:05 Compromise & Arrangement – Sec 230
1:37:04 Hindustan Lever Employees' Union (1994)
1:38:53 Miheer Mafatlal v. Mafatlal Industries (1996)
1:40:38 Merger & Demerger – Section 232
1:43:08 Fast-Track Merger – Section 233
1:45:25 Cross-Border Merger – Section 234
1:46:22 Compulsory Merger – Section 237
1:47:11 63 Moons Technologies v. Union of India (2019)
1:48:29 Sale of Assets under IBC
1:49:23 Haldiram v. Amrit Hatcheries (2023)
1:51:50 Perfect Day v. Mamta Binani (2022)
1:53:35 Unit 5: Fast Track Insolvency – Sec 55–58
1:59:33 Fast Track Omitted – Chapter IV-A
2:01:47 Pre-Packaged Insolvency (PPIRP) – 54A–54P
2:02:47 Pre-Pack Eligibility – Section 54A
2:04:50 Pre-Pack Process – Sec 54C, 54H
2:06:19 Base Plan & Swiss Challenge – Sec 54K
2:08:57 CIRP vs Pre-Pack Compared
2:10:12 Unit 6: Liquidation – Meaning & Purpose
2:11:23 Liquidation vs Winding Up vs Dissolution
2:13:02 Voluntary Liquidation – Section 59
2:13:40 When Liquidation Begins – Section 33
2:15:53 Appointment of Liquidator – Sec 34
2:17:58 Powers of Liquidator – Section 35
2:19:56 Liquidation Estate – Section 36
2:21:15 Claims in Liquidation – Sec 38–42
2:22:58 Preferential Transactions – Sec 43–44
2:24:35 Undervalued Transactions – Sec 45–48
2:25:16 Defrauding Creditors – Section 49
2:25:44 Extortionate Credit – Sec 50–51
2:28:04 Secured Creditors – Sec 52, Rainbow Papers
2:30:01 Liquidation Waterfall – Section 53
2:32:57 Dissolution – Section 54
2:34:03 Wrongful Trading – Section 66
2:37:21 Unit 7: Cross-Border Insolvency Meaning
2:39:27 UNCITRAL Legislative Guide
2:40:42 UNCITRAL Model Law (1997)
2:43:39 Article 3 – International Obligations
2:44:23 Sections 234 & 235 of IBC
2:46:19 Jet Airways Cross-Border Protocol (2019)
2:47:27 Part Z & Section 240C – Cross-Border
2:49:25 Practical Problems & Group Insolvency
2:52:05 Conclusion & Exam Tips
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