Effect of order of Adjudicating Authority on repayment plan
Section 115 of the Insolvency and Bankruptcy Code, 2016 deals with effect of order of Adjudicating Authority on repayment plan. Where the Adjudicating Authority has approved the repayment plan under section 114, such repayment plan shall— (a) take effect as if proposed by the debtor in the meeting; The Act was enacted on 28 May 2016.
(1) Where the Adjudicating Authority has approved the repayment plan under section 114, such repayment plan shall—
(a) take effect as if proposed by the debtor in the meeting; and
(b) be binding on creditors mentioned in the repayment plan and the debtor.
(2) Where the Adjudicating Authority rejects the repayment plan under section 114, the debtor and the creditors shall be entitled to file an application for bankruptcy under Chapter IV.
(3) A copy of the order passed by the Adjudicating Authority under sub-section (2) shall be provided to the Board, for the purpose of recording an entry in the register referred to in section 196.
Section 115, 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.
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.
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… Mr. Sunil Kumar Agarwal. RP in person For the Respondent : Representative of PG in Person ORDER (Hybrid Mode) IA/286(AHM)2026 - 1. The present Interlocutory Application is filed on 23.02.2026 by the Applicant/RP under Section 106 read with Section 112 along with Section 115(2) of Insolvency and Bankruptcy Code, 2016. The Applicant/RP has prayed as under: - - A. Your Lordship may be pleased to allow the present IA; - B. Your Lordship may be pleased to record that no repayment plan submitted by the Personal Guarantor under Section 105 of IBC Regulation 17 of IBC and pass …
Questions about Section 115
What does Section 115 of the Insolvency and Bankruptcy Code deal with?
Section 115 of the Insolvency and Bankruptcy Code is headed "Effect of order of Adjudicating Authority on repayment plan". Where the Adjudicating Authority has approved the repayment plan under section 114, such repayment plan shall— (a) take effect as if proposed by the debtor in the meeting;
How do I find court cases under Section 115 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 115, section 115 Insolvency and Bankruptcy Code, section 115 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 115 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 114 (Order of Adjudicating Authority on repayment plan), section 196 (Powers and functions of Board), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 115 of the Insolvency and Bankruptcy Code enacted?
Section 115 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 115, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.
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- 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 15 Oct 2026. This page is not a substitute for legal advice.