https://www.taxtmi.com/acts?id=30981 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. en-us Tue, 02 Jan 2018 12:35:26 +0530 Tue, 26 May 2026 11:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30981 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. Act-Rules IBC Tue, 02 Jan 2018 12:35:26 +0530 https://www.taxtmi.com/acts?id=30981