Objections by creditor and their examination by resolution professional
Section 86 of the Insolvency and Bankruptcy Code, 2016 deals with objections by creditor and their examination by resolution professional. Any creditor mentioned in the order of the Adjudicating Authority under section 84 to whom a qualifying debt is owed may, within a period of ten days from the date of receipt of the order under section 84, object only on the following grounds, namely:— (a) inclusion of a debt as a qualifying debt; The Act was enacted on 28 May 2016.
(1) Any creditor mentioned in the order of the Adjudicating Authority under section 84 to whom a qualifying debt is owed may, within a period of ten days from the date of receipt of the order under section 84, object only on the following grounds, namely:—
(a) inclusion of a debt as a qualifying debt; or
(b) incorrectness of the details of the qualifying debt specified in the order under section 84.
(2) A creditor may file an objection under sub-section (1) by way of an application to the resolution professional.
(3) The application under sub-section (2) shall be supported by such information and documents as may be prescribed.
(4) The resolution professional shall consider every objection made under this section.
(5) The resolution professional shall examine the objections under sub-section (2) and either accept or reject the objections, within ten days of the date of the application.
(6) The resolution professional may examine any matter that appears to him to be relevant to the making of a final list of qualifying debts for the purposes of section 92.
(7) On the basis of the examination under sub-section (5) or sub-section (6), the resolution professional shall—
(a) prepare an amended list of qualifying debts for the purpose of the discharge order;
(b) make an application to the Adjudicating Authority for directions under section 90; or
(c) take such other steps as he considers necessary in relation to the debtor.
Section 86, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Cross-references
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Questions about Section 86
What does Section 86 of the Insolvency and Bankruptcy Code deal with?
Section 86 of the Insolvency and Bankruptcy Code is headed "Objections by creditor and their examination by resolution professional". Any creditor mentioned in the order of the Adjudicating Authority under section 84 to whom a qualifying debt is owed may, within a period of ten days from the date of receipt of the order under section 84, object only on the following grounds, namely:— (a) inclusion of a debt as a qualifying debt;
How do I find court cases under Section 86 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 86, section 86 Insolvency and Bankruptcy Code, section 86 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 86 of the Insolvency and Bankruptcy Code, and has it changed?
Its own text turns on section 84 (Admission or rejection of application by Adjudicating Authority), section 90 (Directions for compliances of restrictions, etc), section 92 (Discharge order), so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it.
When was Section 86 of the Insolvency and Bankruptcy Code enacted?
Section 86 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 86, 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 18 Oct 2026. This page is not a substitute for legal advice.