Insolvency Code definitions shape claims, debt, default, security interest, and regulated insolvency roles across the framework. Section 3 supplies the core definitions governing the Insolvency and Bankruptcy Code, including expressions such as Board, claim, debt, default, creditor, corporate person, corporate debtor, financial information, security interest, and service provider. It also defines institutional terms like insolvency professional, insolvency professional agency, information utility, financial sector regulator, and core services, while incorporating meanings from other statutes where terms are not independently defined. The provision further clarifies transfer, property, transaction, and related concepts used throughout the Code.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Insolvency Code definitions shape claims, debt, default, security interest, and regulated insolvency roles across the framework.
Section 3 supplies the core definitions governing the Insolvency and Bankruptcy Code, including expressions such as Board, claim, debt, default, creditor, corporate person, corporate debtor, financial information, security interest, and service provider. It also defines institutional terms like insolvency professional, insolvency professional agency, information utility, financial sector regulator, and core services, while incorporating meanings from other statutes where terms are not independently defined. The provision further clarifies transfer, property, transaction, and related concepts used throughout the Code.
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