List of claims and preliminary information memorandum
Section 54G of the Insolvency and Bankruptcy Code, 2016 deals with list of claims and preliminary information memorandum. The corporate debtor shall, within two days of the pre-packaged insolvency commencement date, submit to the resolution professional the following information, updated as on that date, in such form and manner as may be specified, namely:-- (a) a list of claims, along with details of the respective cr The Act was enacted on 28 May 2016.
54G. List of claims and preliminary information memorandum.--(1) The corporate debtor shall, within two days of the pre-packaged insolvency commencement date, submit to the resolution professional the following information, updated as on that date, in such form and manner as may be specified, namely:--
(a) a list of claims, along with details of the respective creditors, their security interests and guarantees, if any; and
(b) a preliminary information memorandum containing information relevant for formulating a resolution plan.
(2) Where any person has sustained any loss or damage as a consequence of the omission of any material information or inclusion of any misleading information in the list of claims or the preliminary information memorandum submitted by the corporate debtor, every person who--
(a) is a promoter or director or partner of the corporate debtor, as the case may be, at the time of submission of the list of claims or the preliminary information memorandum by the corporate debtor; or
(b) has authorised the submission of the list of claims or the preliminary information memorandum by the corporate debtor,
shall, without prejudice to section 77A, be liable to pay compensation to every person who has sustained such loss or damage.
(3) No person shall be liable under sub-section (2), if the list of claims or the preliminary information memorandum was submitted by the corporate debtor without his knowledge or consent.
(4) Subject to section 54E, any person, who sustained any loss or damage as a consequence of omission of material information or inclusion of any misleading information in the list of claims or the preliminary information memorandum shall be entitled to move a court having jurisdiction for seeking compensation for such loss or damage.
Section 54G, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
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Questions about Section 54G
What does Section 54G of the Insolvency and Bankruptcy Code deal with?
Section 54G of the Insolvency and Bankruptcy Code is headed "List of claims and preliminary information memorandum". 54G. List of claims and preliminary information memorandum.--(1) The corporate debtor shall, within two days of the pre-packaged insolvency commencement date, submit to the resolution professional the following information, updated as on that date, in such form and manner as may be specified, namely
How do I find court cases under Section 54G 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 54G, section 54G Insolvency and Bankruptcy Code, section 54G 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 54G of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 54E (Declaration of moratorium and public announcement during pre-packaged insolvency resolution process), section 77A (Punishment for offences related to pre-packaged insolvency resolution process), so none of them can safely be read on its own. 4 other provisions in this corpus refer back to it.
When was Section 54G of the Insolvency and Bankruptcy Code enacted?
Section 54G of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 54G, 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
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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 16 Oct 2026. This page is not a substitute for legal advice.