IBBI Securities & Financial Assets study plan
IBBI Securities & Financial Assets · Give each week a clear focus.
8 weeks · About 7 hours per week
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Map the structure of the Insolvency and Bankruptcy Code, 2016 (IBC) part-by-part and chapter-by-chapter, writing a one-page outline of Parts I to V and the Schedules
Distinguish the four pillars of the insolvency eco-system: the Adjudicating Authority, the Insolvency and Bankruptcy Board of India (IBBI), insolvency professionals (IPs), and information utilities (IUs)
Define the key terms in Section 3 and Section 5, including corporate person, debt, default, financial debt, operational debt, claim, and insolvency commencement date
Explain the triggers for corporate insolvency under Section 4 and the classes of creditors who may initiate under Sections 6 to 9
Your checkpoint
A 2-page comparative table of financial debt versus operational debt with the statutory definitions, tests applied, and one worked example of each
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Trace the corporate insolvency resolution process (CIRP) from Section 10 to Section 32A, including admission, moratorium, public announcement, and the constitution of the committee of creditors (CoC)
Apply the Section 12 timeline of 330 days including extensions, and identify the consequences of lapsing into liquidation under Section 33
Differentiate the powers and duties of the interim resolution professional (IRP) and the resolution professional (RP) under Sections 17 to 25
Interpret the Section 29A eligibility restrictions on resolution applicants and the disqualifications they create
Your checkpoint
A one-page CIRP flow chart with statutory section references at each step, from filing of an application to approval of a resolution plan under Section 31
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Analyse the voting thresholds in the CoC under Section 30(4), the default 66 percent rule, and how related-party votes are excluded
Distinguish the grounds for avoidance transactions under Sections 43 to 51: preferential transactions, undervalued transactions, extortionate credit transactions, and fraudulent trading
Outline the liquidation process under Sections 33 to 54, including the liquidation estate, the role of the liquidator, and the waterfall in Section 53
Compare the fast-track corporate insolvency resolution process under Chapter IV with the ordinary CIRP
Your checkpoint
A written answer to a hypothetical scenario involving a preferential transaction and a resolution plan that fails to obtain the required CoC vote, citing the applicable sections
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Summarise the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, focusing on the timelines, the contents of the resolution plan, and CoC meeting procedure
Summarise the IBBI (Insolvency Professionals) Regulations, 2016, including registration, the code of conduct, and disciplinary proceedings
Summarise the IBBI (Liquidation Process) Regulations, 2016, focusing on the process timeline, the liquidation estate, and distribution
Explain the role and obligations of information utilities under the IBBI (Information Utilities) Regulations, 2016
Your checkpoint
A set of 40 self-written flashcard questions on the four sets of regulations, with the correct regulation number cited for each answer
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Distinguish the individual insolvency resolution process and the fresh start process under Part III, including the eligibility limits in Sections 78 and 80
Explain the role of the Debt Recovery Tribunal (DRT) as the Adjudicating Authority for individuals and the role of the resolution professional in that process
Outline the personal guarantor regime, including how a creditor invokes a guarantee and the interplay with the corporate debtor's CIRP
Describe the insolvency resolution of financial service providers under the IBBI (Insolvency Resolution Process for Financial Service Providers) Regulations, 2019
Your checkpoint
A one-page comparison of the corporate, individual, and fresh start processes across eligibility, trigger, adjudicating authority, and outcome
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Review the Securities and Exchange Board of India (SEBI) framework for securities and financial assets, including the types of securities, market intermediaries, and the role of SEBI as regulator
Explain the treatment of securities and financial assets as claims in the insolvency process, including the status of pledged shares and the rights of secured creditors
Outline the Insolvency and Bankruptcy Board of India's role in regulating insolvency professionals, insolvency professional entities, and insolvency professional agencies
Interpret the relevant provisions for financial assets held in dematerialised form and the treatment of securities in the liquidation estate
Your checkpoint
A summary note of at least 300 words on how securities and financial assets are treated across the CIRP and liquidation processes, with section references
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Review the amendments to the IBC up to the most recent year you can verify, noting the changes to timelines, thresholds, and procedures
Identify the key Supreme Court and National Company Law Appellate Tribunal (NCLAT) decisions that shaped the interpretation of the IBC, and state the rule each established
Explain the pre-packaged insolvency resolution process for micro, small and medium enterprises under Chapter III-A
Describe the cross-border insolvency framework and the status of the UNCITRAL Model Law in India
Your checkpoint
A one-page case-law and amendment digest with at least ten entries, each stating the principle in one sentence and the citation
Insolvency and Bankruptcy Code, 2016 and related regulations (Limited Insolvency Examination syllabus)
Complete a full-length timed mock examination under exam conditions and record the score and time per section
Review every incorrect answer and write a short explanation of the correct rule with a section or regulation reference
Revisit the two weakest areas identified in the mock and re-read the relevant statutory text
Consolidate a one-page final revision sheet of the thresholds, timelines, and voting percentages most likely to be tested
Your checkpoint
A scored mock examination with a written error log and a final one-page revision sheet of key numbers and thresholds
Milestones
Week 2: Can outline the full CIRP from application to resolution plan approval, naming the correct section at each step, without notes
Week 4: Scores at least 70 percent on a self-made 40-question regulation quiz and can cite the governing regulation for every answer
Week 6: Can explain the treatment of securities and financial assets in insolvency in a written note of at least 300 words with accurate section references
Week 8: Scores at least 65 percent on a full-length timed mock and has a written error log covering every incorrect answer