Insolvency and Bankruptcy Fund governs contributions, withdrawals for workmen, asset protection, and prescribed insolvency costs. An Insolvency and Bankruptcy Fund is constituted for insolvency resolution, liquidation and bankruptcy under the Code and is credited with government grants, contributions, other receipts, investment income and prescribed amounts. A contributor may, when proceedings are initiated before the Adjudicating Authority, apply for withdrawal up to the amount contributed for payment to workmen, protection of assets, incidental costs or other prescribed purposes. The Central Government must appoint an administrator to administer the Fund in the prescribed manner.