Limited Insolvency Examination

Name: Limited Insolvency Examination
Rating: 4.0 (17 reviews)

Entrance Examination for Insolvency professionals

Created byVirtuaLaw Eduservices LLP

Last updated 2/2026

English

What you'll learn

Entire syllabus for Limited Insolvency Examination
In-depth understanding of the Insolvency and Bankruptcy Code, 2016
Practice questions for exam preparation
Detailed discussion on case laws

Course content

6 sections • 28 lectures • 7h 41m total length

Welcome to VL Academy1:02
Join Vale Academy for the limited insolvency examination course, guided by a top scorer, and learn insolvency and bankruptcy code topics essential for aspiring insolvency professionals to pass IBI exam.
First Things First - Syllabus13:14
Master the IBC 2016 code and regulations, explore CRP and liquidation case laws, and prepare for pre-packs and individual insolvency case studies to optimize exam performance.

Objective of IBC18:59
Understanding the objective of IBC is of paramount importance before proceeding with the provisions. It is important to note that a majority of litigation under IBC focussed on understanding the objective of the IBC for giving a valid interpretation to the provisions of IBC. In this lecture, the endeavour is to explain the objectives identified in the preamble in great detail!
Quiz-1
Structure of IBC15:11
Before we start the discussion on the Code and Regulations, understanding the complete structure of IBC is mandatory. In this lecture, we explain the structure of the Code and the list of Regulations and Rules laid out thereunder.
Applicability of Code2:55
Section 2 of the Code lays out the applicability of the Code and this lecture explains the same.
Quiz-2

Default25:09
This lecture revolves around the provisions of Sections 4 and 6 of the Code with particular focus on the understanding of the term "default".
Financial Debt & Financial Creditor27:30
This lecture discusses the definitions of Financial Debt and Financial Creditor as defined under Sections 5(7) and 5(8) of the Code.
Initiation of CIRP by Financial Creditor26:58
This lecture discusses the provisions of Section 7 of the Code pertaining to the initiation of CIRP by a Financial Creditor.
Section 7 - From the Code6:34
In this lecture, we quickly revise the provisions of Section 7 of the Code.
Operational Debt & Operational Creditor8:11
This lecture discusses the definitions of Operational Debt and Operational Creditor as defined under Sections 5(20) and 5(21) of the Code.
Initiation of CIRP by Operational Creditor25:38
This lecture discusses the provisions of Sections 8 & 9 of the Code pertaining to the initiation of CIRP by an Operational Creditor.
Section 9 - From the Code6:43
In this lecture, we quickly revise the provisions of Section 9 of the Code. Don't miss the ending, where the instructor discusses an interesting line of difference between "Initiation of CIRP" and "Commencement of CIRP".
Corporate Applicant4:45
This lecture discusses the definition of Corporate Applicant as defined under Section 5(5) of the Code.
Initiation of CIRP by Corporate Applicant16:54
This lecture discusses the provisions of Section 10 of the Code pertaining to the initiation of CIRP by the Corporate Applicant.
Section 10 - From the Code3:46
In this lecture, we quickly revise the provisions of Section 10 of the Code.
Persons not entitled to initiate CIRP10:36
This lecture focuses on Section 11 of the Code pertaining to persons who are not entitled to initiate CIRP.
Affect of Admission of CIRP Application4:46
Section 13 requires moratorium, publication of a public announcement, and appointment of an interim resolution professional after admission; the insolvency commencement date equals the admission date.
Moratorium (Part 1)23:08
Explain moratorium under section 14, including prohibitions on suits, transfers, and security actions; detail licenses and grants, essential goods and services, going concern objective to revive the corporate debtor.
Moratorium (Part 2)6:06
Moratorium protects the corporate debtor only, excluding personal guarantors; it starts at admission and lasts until a resolution plan or liquidation order, with a 90-day extension beyond 180 days.

Overview of CIRP - Part 113:21
Explore the 180-day corporate insolvency resolution process under the IBC, including the insolvency commencement date, public announcements, and claims timeline. Learn CoC formation and RP appointment decisions.
Overview of CIRP - Part 216:16
Learn how CIRP appoints resolution professionals and valuers, determines liquidation and fair values across asset classes, and issues form g to invite expressions of interest for resolution plans.
Overview of CIRP - Part 32:51
Explains the CIRP process from insolvency commencement date to resolution plan submission and NCLT approval, detailing claims, CRC, EOI, RFP, and liquidation options.
Overview of CIRP - Part 45:37
Explore avoidance transactions under CIRP, including timeline milestones of 75, 115, and 130 days, and how the resolution professional and resolution applicant integrate avoidance into the plan.

CoC - Constitution28:30
This lecture explains the constitution of the committee of creditors (CoC) under section 21, including who qualifies as financial or operational creditors, authorized representative role, and voting and information rights.
CoC - Meetings40:29
Explore CoC meetings under section 24 and regulations 18–26, covering notice, convening, in-person or electronic participation, chairing by the IRP or AAP, and 33% quorum with 66% section 28 thresholds.
Authorised Representative37:49
Appoint an authorized representative for the home buyers class from three insolvency professionals within three days, and obtain consent forms from them before voting according to creditors’ instructions.

Requirements

Be open to learn as we will teach you everything you need to crack the LIE!

Description

This course enables aspiring Insolvency Professionals to learn the syllabus for Limited Insolvency Examination in great detail and gain confidence before appearing for the examination. Those who are interested in gaining expert knowledge on Insolvency and Bankruptcy Code, 2016, may also enrol to this course.

The course is carefully curated to make sure that all the facets of the Code and Regulations are covered in detail with case laws and case studies intertwined. We divided the course into several sections which can help the students in quickly tracing a particular concept and watching that video. We also provide revision lectures under each section, which crisply covers the entire section in one go. At the end of each section, we discuss several multiple choice questions which can help the students in easily translating the knowledge gained through the lectures in that particular section into answering questions to test the students' knowledge.

At the end of the course, there will be one practice test with questions relevant to Limited Insolvency Examination.

At VL Academy, we put 100% efforts in explaining all the topics with clarity and ease. Our tailor-made presentations and notes will help the students in learning the subject to the full potential. Our faculty focusses on ensuring that the explanation is simple and easy to understand.

Who this course is for:

Aspiring Insolvency Professionals
Advocates
Company Secretaries
Chartered Accountants
Cost Accountants

Limited Insolvency Examination

What you'll learn

Explore related topics

Course content

Introduction2 lectures • 14min

Insolvency and Bankruptcy Code, 2016 - An Introduction3 lectures • 37min

Initiation of Corporate Insolvency Resolution Process14 lectures • 3hr 17min

Corporate Insolvency Resolution Process - Overview4 lectures • 38min

Interim Resolution Professional and Resolution Professional2 lectures • 56min

Committee of Creditors3 lectures • 1hr 47min

Requirements

Description

Who this course is for: