Summoning of meeting of creditors
Section 107 of the Insolvency and Bankruptcy Code, 2016 deals with summoning of meeting of creditors. The resolution professional shall issue a notice calling the meeting of the creditors at least fourteen days before the date fixed for such meeting. The Act was enacted on 28 May 2016.
(1) The resolution professional shall issue a notice calling the meeting of the creditors at least fourteen days before the date fixed for such meeting.
(2) The resolution professional shall send the notice of the meeting to the list of creditors prepared under section 104.
(3) The notice sent under sub-section (1) shall state the address of the Adjudicating Authority to which the repayment plan and report of the resolution professional on the repayment plan has been submitted and shall be accompanied by—
(a) a copy of the repayment plan;
(b) a copy of the statement of affairs of the debtor;
(c) a copy of the said report of the resolution professional; and
(d) forms for proxy voting.
(4) The proxy voting, including electronic proxy voting shall take place in such manner and form as may be specified.
Section 107, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
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Questions about Section 107
What does Section 107 of the Insolvency and Bankruptcy Code deal with?
Section 107 of the Insolvency and Bankruptcy Code is headed "Summoning of meeting of creditors". The resolution professional shall issue a notice calling the meeting of the creditors at least fourteen days before the date fixed for such meeting.
How do I find court cases under Section 107 of the Insolvency and Bankruptcy Code?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 107, section 107 Insolvency and Bankruptcy Code, section 107 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 107 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 104 (Preparation of list of creditors), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it. One instrument names it without being made under it, most recently Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (2019).
When was Section 107 of the Insolvency and Bankruptcy Code enacted?
Section 107 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 107, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.
Other sections of this Act
- 240. Power to make regulations2349 words
- 5. Definitions2326 words
- 3. Definitions1381 words
- 29A. Person not eligible to be resolution applicant1152 words
- 239. Power to make rules963 words
- 196. Powers and functions of Board942 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 24 Oct 2026. This page is not a substitute for legal advice.