Bankruptcy definitions set scope for excluded assets, excluded debts and roles of trustees and resolution professionals. This Part fixes core bankruptcy concepts: what constitutes bankruptcy, the bankruptcy commencement date and bankruptcy order, the composition of bankruptcy debt, and the roles of the Adjudicating Authority, bankruptcy trustee, committee of creditors and resolution professional. It defines relational and ownership categories like associate and immediate family, specifies qualifying debt and enumerates excluded debts, and lists excluded assets that are not available to meet claims, thereby shaping eligibility and administration of bankruptcy processes.
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.
Bankruptcy definitions set scope for excluded assets, excluded debts and roles of trustees and resolution professionals.
This Part fixes core bankruptcy concepts: what constitutes bankruptcy, the bankruptcy commencement date and bankruptcy order, the composition of bankruptcy debt, and the roles of the Adjudicating Authority, bankruptcy trustee, committee of creditors and resolution professional. It defines relational and ownership categories like associate and immediate family, specifies qualifying debt and enumerates excluded debts, and lists excluded assets that are not available to meet claims, thereby shaping eligibility and administration of bankruptcy processes.
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