Order of Adjudicating Authority on repayment plan
Section 114 of the Insolvency and Bankruptcy Code, 2016 deals with order of Adjudicating Authority on repayment plan. The Adjudicating Authority shall by an order approve or reject the repayment plan on the basis of the report of the meeting of the creditors submitted by the resolution professional under section 112: Provided that where a meeting of creditors is not summoned, the Adjudicating Authority shall pass a The Act was enacted on 28 May 2016.
(1) The Adjudicating Authority shall by an order approve or reject the repayment plan on the basis of the report of the meeting of the creditors submitted by the resolution professional under section 112:
Provided that where a meeting of creditors is not summoned, the Adjudicating Authority shall pass an order on the basis of the report prepared by the resolution professional under section 106.
(2) The order of the Adjudicating Authority approving the repayment plan may also provide for directions for implementing the repayment plan.
(3) Where the Adjudicating Authority is of the opinion that the repayment plan requires modification, it may direct the resolution professional to re-convene a meeting of the creditors for reconsidering the repayment plan.
Section 114, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Judgments citing this section
These may be obiter dicta or a precedent, for you to study. These are the judgments where this section is quoted.
-
… the legislative scheme under Sections 112, 114, 115(2) and 121 of the Code, this Adjudicating Authority holds as under: - - (a) The report filed by the Resolution Professional under Section 112 is taken on record and accepted. In absence of submission of any repayment plan, the same stands rejected under Section 114 of the Insolvency and Bankruptcy Code, 2016. - (b) Liberty is granted to the creditor(s) of the Personal Guarantor and/or the debtor to initiate bankruptcy proceedings under Chapter IV of the Insolvency and Bankruptcy Code, 2016 in terms of Sections 115(2) and 121 of the Code. - (c) The moratorium commenced under …
Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 114
What does Section 114 of the Insolvency and Bankruptcy Code deal with?
Section 114 of the Insolvency and Bankruptcy Code is headed "Order of Adjudicating Authority on repayment plan". The Adjudicating Authority shall by an order approve or reject the repayment plan on the basis of the report of the meeting of the creditors submitted by the resolution professional under section 112: Provided that where a meeting of creditors is not summoned, the Adjudicating Authority shall pass a
How do I find court cases under Section 114 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 114, section 114 Insolvency and Bankruptcy Code, section 114 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 114 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 106 (Report of resolution professional on repayment plan), section 112 (Report of meeting of creditors on repayment plan), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it. One instrument names it without being made under it, most recently Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019 dated 15.11.2019 (2019).
When was Section 114 of the Insolvency and Bankruptcy Code enacted?
Section 114 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 114, 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 22 Oct 2026. This page is not a substitute for legal advice.