The Presidency-Towns Insolvency Act of 1909 and Provincial Insolvency Act of 1920 both acts have been replaced by Insolvency and Bankruptcy Code, 2016. Insolvency and Bankruptcy Code, 2016. is a social legislation which has been enacted to provide respite and relief to the honest debtors who due to unfortunate or unforeseen circumstances, became incapable of paying back their debts.
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Unit I : General Aspects of Insolvency and Bankruptcy<br/>Unit II: Insolvency Resolution and Liquidation for Corporate Persons<br/>Unit III: Fresh Start Process and Debtor's Insolvency Resolution Process<br/>Unit IV: Bankruptcy order for Individual and Partnership Firms<br/>Unit V: Regulation of Insolvency Professionals Agencies and Information utilities