Time-limit for completion of pre-packaged insolvency resolution process
Section 54D of the Insolvency and Bankruptcy Code, 2016 deals with time-limit for completion of pre-packaged insolvency resolution process. limit for completion of pre-packaged insolvency resolution process.--(1) The prepackaged insolvency resolution process shall be completed within a period of one hundred and twenty days from the pre-packaged insolvency commencement date. The Act was enacted on 28 May 2016.
54D. Time-limit for completion of pre-packaged insolvency resolution process.--(1) The prepackaged insolvency resolution process shall be completed within a period of one hundred and twenty days from the pre-packaged insolvency commencement date.
(2) Without prejudice to sub-section (1), the resolution professional shall submit the resolution plan, as approved by the committee of creditors, to the Adjudicating Authority under sub-section (4) or sub-section (12), as the case may be, of section 54K, within a period of ninety days from the prepackaged insolvency commencement date.
(3) Where no resolution plan is approved by the committee of creditors within the time period referred to in sub-section (2), the resolution professional shall, on the day after the expiry of such time period, file an application with the Adjudicating Authority for termination of the pre-packaged insolvency resolution process in such form and manner as may be specified.
Section 54D, 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
Questions about Section 54D
What does Section 54D of the Insolvency and Bankruptcy Code deal with?
Section 54D of the Insolvency and Bankruptcy Code is headed "Time-limit for completion of pre-packaged insolvency resolution process". 54D. Time-limit for completion of pre-packaged insolvency resolution process.--(1) The prepackaged insolvency resolution process shall be completed within a period of one hundred and twenty days from the pre-packaged insolvency commencement date.
How do I find court cases under Section 54D 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 54D, section 54D Insolvency and Bankruptcy Code, section 54D 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 54D of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 54K (Consideration and approval of resolution plan), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 54D of the Insolvency and Bankruptcy Code enacted?
Section 54D of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 54D, 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 16 Oct 2026. This page is not a substitute for legal advice.