Limited Insolvency Examination scheduled on 5th May postponed to 1st July 2025
Due to administrative exigencies, the commencement of Phase 9 of Limited Insolvency Examination (LIE), which was earlier scheduled to begin from 5th May 2025 has been rescheduled to commence from 1st July 2025. 2. The syllabus for Phase 9 of the Limited Insolvency Examination, as published on the IBBI website, will remain unchanged.
Syllabus for Limited Insolvency Examination (Effective 1st July 2025)
Published by the Insolvency and Bankruptcy Board of India
I. Syllabus for Examination
| Subject/Topics | Weight (%) |
| 1. The Insolvency and Bankruptcy Code, 2016 | 04% |
| 2. Rules and Regulations under the Code | 06% |
| 3. Business Laws | 04% |
| – The Companies Act, 2013 (Chapters III, IV, V, VI, VII, IX, XV, XVII, XVIII, XX, XXVII, XXVIII, XXIX) | |
| – The Partnership Act, 1932 | |
| – The Limited Liability Partnership Act, 2008 | |
| – The Indian Contract Act, 1872 (Sections 10–30, 31–36, 37–61, 62–67, 73–75, 124–127, 148–181, 182–238) | |
| – The Sale of Goods Act, 1930 | |
| 4. General Laws | 07% |
| – The Negotiable Instruments Act, 1881 | |
| – The Transfer of Property Act, 1882 | |
| – Code of Civil Procedure, 1908 (Specific sections) | |
| – The Limitation Act, 1963 | |
| – Prevention of Corruption Act, 1988 & Prevention of Money Laundering Act, 2002 | |
| – Recovery of Debts and Bankruptcy Act, 1993 | |
| – Arbitration and Conciliation Act, 1996 | |
| – SARFAESI Act, 2002 | |
| – MSME Development Act, 2006 (Classification, delayed payments) | |
| – RERA, 2016 (Key sections) | |
| – Securities Contracts (Regulation) Act, 1956 & SEBI Regulations (Takeovers, Listing, Delisting) | |
| – Employees’ Provident Funds Act, 1952 | |
| – Mediation Act, 2023 | |
| – Digital Personal Data Protection Act, 2023 | |
| 5. Finance and Accounts (Corporate Finance, Tax Planning, GST) | 02% |
| 6. General Awareness (Constitution, Labour Rights, Economics, Valuation, Forensic Audit) | 02% |
| 7. Case Laws (Supreme Court, High Courts, NCLAT, NCLT decisions) | 05% |
| 8. Case Studies (Corporate/Individual Insolvency, Pre-Packaged Processes, Ethics) | 70% |
Total | 100% |
II. Examination Details
- Mode: Online (proctored), multiple-choice questions.
- Duration: 2 hours.
- Fee: ₹5,900 (including GST).
- Passing Criteria: 60% marks.
- Negative Marking: 25% penalty for wrong answers.
- No study material or electronic devices allowed.
III. Important Case Laws (Annexure 1)
Supreme Court Cases:
- Innoventive Industries Ltd. vs. ICICI Bank (2017)
- Swiss Ribbons Pvt. Ltd. vs. Union of India (2019)
- Committee of Creditors of Essar Steel vs. Satish Kumar Gupta (2019)
- Anuj Jain vs. Axis Bank (Jaypee Infratech Case)
- Vidarbha Industries Power Ltd. vs. Axis Bank (2021)
High Court Cases:
- Rajiv Chakraborty vs. Directorate of Enforcement (2020)
- Tata Steel BSL Ltd. vs. Venus Recruiter Pvt. Ltd. (2021)
NCLAT/NCLT Cases:
- Jet Airways Insolvency (2019)
- Jaypee Infratech Limited (CP No. IB-77/ALD/2017)
- Videocon Industries Ltd. (2018)
Also See: Exams/courses
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