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Section57
The Insolvency and Bankruptcy Code, 2016

Manner of initiating fast track corporate insolvency resolution process

In force Act 31 of 2016 As on 16 Oct 2026

Act 31 of 2016 Ministry Corporate Affairs Enacted 28 May 2016 Cited by 1 provision

Section 57 of the Insolvency and Bankruptcy Code, 2016 deals with manner of initiating fast track corporate insolvency resolution process. An application for fast track corporate insolvency resolution process may be filed by a creditor or corporate debtor as the case may be, along with— (a) the proof of the existence of default as evidenced by records available with an information utility or such other means as may be specified by the The Act was enacted on 28 May 2016.

An application for fast track corporate insolvency resolution process may be filed by a creditor or corporate debtor as the case may be, along with—

(a) the proof of the existence of default as evidenced by records available with an information utility or such other means as may be specified by the Board; and

(b) such other information as may be specified by the Board to establish that the corporate debtor is eligible for fast track corporate insolvency resolution process.

Section 57, 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 1

  1. s. 240 Power to make regulations

Questions about Section 57

What does Section 57 of the Insolvency and Bankruptcy Code deal with?

Section 57 of the Insolvency and Bankruptcy Code is headed "Manner of initiating fast track corporate insolvency resolution process". An application for fast track corporate insolvency resolution process may be filed by a creditor or corporate debtor as the case may be, along with— (a) the proof of the existence of default as evidenced by records available with an information utility or such other means as may be specified by the

How do I find court cases under Section 57 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 57, section 57 Insolvency and Bankruptcy Code, section 57 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 57 of the Insolvency and Bankruptcy Code, and has it changed?

1 other provision in this corpus refers back to it.

When was Section 57 of the Insolvency and Bankruptcy Code enacted?

Section 57 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 57, 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.