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Section54H
The Insolvency and Bankruptcy Code, 2016

Management of affairs of corporate debtor

In force Act 31 of 2016 As on 16 Oct 2026

Act 31 of 2016 Ministry Corporate Affairs Enacted 28 May 2016 Cited by 2 provisions

Section 54H of the Insolvency and Bankruptcy Code, 2016 deals with management of affairs of corporate debtor. During the pre-packaged insolvency resolution process period,-- (a) the management of the affairs of the corporate debtor shall continue to vest in the Board of Directors or the partners, as the case may be, of the corporate debtor, subject to such conditions as may be specified; The Act was enacted on 28 May 2016.

54H. Management of affairs of corporate debtor.--During the pre-packaged insolvency resolution process period,--

(a) the management of the affairs of the corporate debtor shall continue to vest in the Board of Directors or the partners, as the case may be, of the corporate debtor, subject to such conditions as may be specified;

(b) the Board of Directors or the partners, as the case may be, of the corporate debtor, shall make every endeavour to protect and preserve the value of the property of the corporate debtor, and manage its operations as a going concern; and

(c) the promoters, members, personnel and partners, as the case may be, of the corporate debtor, shall exercise and discharge their contractual or statutory rights and obligations in relation to the corporate debtor, subject to the provisions of this Chapter and such other conditions and restrictions as may be prescribed.

Section 54H, 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.

Referred to by 2

  1. s. 239 Power to make rules
  2. s. 240 Power to make regulations

Questions about Section 54H

What does Section 54H of the Insolvency and Bankruptcy Code deal with?

Section 54H of the Insolvency and Bankruptcy Code is headed "Management of affairs of corporate debtor". 54H. Management of affairs of corporate debtor.--During the pre-packaged insolvency resolution process period,-- (a) the management of the affairs of the corporate debtor shall continue to vest in the Board of Directors or the partners, as the case may be, of the corporate debtor, subject to such co

How do I find court cases under Section 54H 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 54H, section 54H Insolvency and Bankruptcy Code, section 54H 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 54H of the Insolvency and Bankruptcy Code, and has it changed?

2 other provisions in this corpus refer back to it.

When was Section 54H of the Insolvency and Bankruptcy Code enacted?

Section 54H of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 54H, 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

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.