Conduct of meeting of creditors
Section 134 of the Insolvency and Bankruptcy Code, 2016 deals with conduct of meeting of creditors. The bankruptcy trustee shall be the convener of the meeting of the creditors summoned under section 133. The Act was enacted on 28 May 2016.
(1) The bankruptcy trustee shall be the convener of the meeting of the creditors summoned under section 133.
(2) The bankruptcy trustee shall decide the quorum for the meeting of the creditors, and conduct the meeting only if the quorum is present.
(3) The following business shall be conducted in the meeting of the creditors in which regard a resolution may be passed, namely:—
(a) the establishment of a committee of creditors;
(b) any other business that the bankruptcy trustee thinks fit to be transacted.
(4) The bankruptcy trustee shall cause the minutes of the meeting of the creditors to be recorded, signed and retained as a part of the records of the bankruptcy process.
(5) The bankruptcy trustee shall not adjourn the meeting of the creditors for any purpose for more than seven days at a time.
Section 134, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
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This section refers to
Referred to by 1
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 134
What does Section 134 of the Insolvency and Bankruptcy Code deal with?
Section 134 of the Insolvency and Bankruptcy Code is headed "Conduct of meeting of creditors". The bankruptcy trustee shall be the convener of the meeting of the creditors summoned under section 133.
How do I find court cases under Section 134 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 134, section 134 Insolvency and Bankruptcy Code, section 134 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 134 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 133 (Summoning of meeting 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 (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (2019).
When was Section 134 of the Insolvency and Bankruptcy Code enacted?
Section 134 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 134, 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 19 Oct 2026. This page is not a substitute for legal advice.