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This book is a comprehensive, topic-wise commentary on laws governing Insolvency & Bankruptcy in India. This book covers an analysis of the following Laws: (1) Insolvency and Bankruptcy Code, 2016 (IBC) [as amended by the Insolvency and Bankruptcy Code (Amendment) Act, 2021] (2) Recovery of Debts and Bankruptcy Act, 1993 (3) Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act) The book intends to provide answers to the practical issues faced by professionals on a routine basis. It provides complete and accurate information about all Insolvency and Bankruptcy Laws provisions. (1) The Present Publication is the 2022 Edition, authored by V.S. Datey, updated till January 2022, with the following noteworthy features: (2) [Topic-wise Commentary] on the IBC (3) [Analysis of all Provisions] of the IBC with relevant Rules/Regulations, Judicial Pronouncements, Circulars and Notifications (4) [Previous Amendments at a Glance] made by the Insolvency and Bankruptcy Code (Amendment) Act, 2021 (5) [Short Commentary/Guide] on the Insolvency and Bankruptcy Code (Amendment) Act, 2021 The contents of the book are as follows: (1) Declining Stage of an Organisation (2) Insolvency Professional (3) Insolvency Resolution of Corporate Persons (4) Conducting Corporate Insolvency Resolution Process (5) Resolution Plan by Resolution Applicant (6) Fast Track Corporate Insolvency Resolution Process (7) Pre-Packaged Insolvency Resolution Process (PPIRP) (8) Procedure for PPIRP after Admission of Application (9) Submission and Approval of Resolution Plan under PPIRP (10) Liquidation of Corporate Persons (11) Admission and Proof of Claims by Liquidator (12) Realisation and Distribution of Assets by Liquidator (13) Payment of Dues to Stakeholders after Liquidation or during Formulation of Resolution Plan (14) Voluntary Liquidation of Companies (15) Adjudication and Appeals for Corporate Persons (16) Cross Border Insolvency and Bankruptcy (17) Offences and Penalties in relation to Corporate Insolvency (18) Bankruptcy for Individuals and Partnership Firms (19) Fresh Start Process (20) Insolvency Resolution of Individual and Firm (21) Bankruptcy Order for Individuals and Firms (22) Bankruptcy Trustee (23) Settlement of Claims against Bankruptcy (24) Compromises, Arrangements, and Amalgamations (25) Registered Valuers (26) Removal of Name of Companies from Register of Members (27) NCLT and NCLAT (28) Recovery of Debts and Bankruptcy Act, 1993 (29) Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act) (30) RBI Direction on Resolution of Stressed Assets