Summoning of meeting of creditors
Section 133 of the Insolvency and Bankruptcy Code, 2016 deals with summoning of meeting of creditors. The bankruptcy trustee shall, within twenty-one days from the bankruptcy commencement date, issue a notice for calling a meeting of the creditors, to every creditor of the bankrupt as mentioned in the list prepared under section 132. The Act was enacted on 28 May 2016.
(1) The bankruptcy trustee shall, within twenty-one days from the bankruptcy commencement date, issue a notice for calling a meeting of the creditors, to every creditor of the bankrupt as mentioned in the list prepared under section 132.
(2) The notices issued under sub-section (1) shall—
(a) state the date of the meeting of the creditors, which shall not be later than twenty-one days from the bankruptcy commencement date;
(b) be accompanied with forms of proxy voting;
(c) specify the form and manner in which the proxy voting may take place.
(3) The proxy voting, including electronic proxy voting shall take place in such manner and form as may be specified.
Section 133, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
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Questions about Section 133
What does Section 133 of the Insolvency and Bankruptcy Code deal with?
Section 133 of the Insolvency and Bankruptcy Code is headed "Summoning of meeting of creditors". The bankruptcy trustee shall, within twenty-one days from the bankruptcy commencement date, issue a notice for calling a meeting of the creditors, to every creditor of the bankrupt as mentioned in the list prepared under section 132.
How do I find court cases under Section 133 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 133, section 133 Insolvency and Bankruptcy Code, section 133 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 133 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 132 (Preparation of list of creditors), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it. One instrument names it without being made under it, most recently Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (2019).
When was Section 133 of the Insolvency and Bankruptcy Code enacted?
Section 133 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 133, 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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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.