IBBI Limited Insolvency Examination Syllabus and Weightage
Eight subject areas, but case studies alone carry 70 of the 100 marks. Here's IBBI's full list, weight by weight.
IBBI publishes one syllabus for the Limited Insolvency Examination, dated 4 February 2025. It splits the paper into eight subject areas, each with a fixed weight. The first seven are tested through 30 one-mark questions. The eighth, case studies, is tested through 35 two-mark questions and carries 70 of the 100 marks.
One rule governs every law on the list: IBBI tests each Act, rule and regulation as it stood on 4 February 2025. Any amendment made after that date is ignored in the exam, even if it is already in force when you sit.
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IBBI LIE Syllabus Weightage
Weights are IBBI's own. Marks equal the weight because the paper is out of 100.
1
Subject area
The Insolvency and Bankruptcy Code, 2016
Weight (marks)
4
Question type
1-mark MCQs
2
Subject area
Rules and Regulations under the Code
Weight (marks)
6
Question type
1-mark MCQs
3
Subject area
Business Laws
Weight (marks)
4
Question type
1-mark MCQs
4
Subject area
General Laws
Weight (marks)
7
Question type
1-mark MCQs
5
Subject area
Finance and Accounts
Weight (marks)
2
Question type
1-mark MCQs
6
Subject area
General Awareness
Weight (marks)
2
Question type
1-mark MCQs
7
Subject area
Case Laws
Weight (marks)
5
Question type
Five 1-mark MCQs
8
Subject area
Case Studies
Weight (marks)
70
Question type
2-mark MCQs in six case sets
Subject area
Total
Weight (marks)
100
Question type
65 questions
| # | Subject area | Weight (marks) | Question type |
|---|---|---|---|
| 1 | The Insolvency and Bankruptcy Code, 2016 | 4 | 1-mark MCQs |
| 2 | Rules and Regulations under the Code | 6 | 1-mark MCQs |
| 3 | Business Laws | 4 | 1-mark MCQs |
| 4 | General Laws | 7 | 1-mark MCQs |
| 5 | Finance and Accounts | 2 | 1-mark MCQs |
| 6 | General Awareness | 2 | 1-mark MCQs |
| 7 | Case Laws | 5 | Five 1-mark MCQs |
| 8 | Case Studies | 70 | 2-mark MCQs in six case sets |
| Total | 100 | 65 questions |
Read the Weights Carefully
The Code itself is only 4 marks and its regulations 6, yet almost every case study is a CIRP, liquidation, pre-pack or individual insolvency scenario. The Code and regulations are therefore tested far more than their headline weight suggests, through the 70 case-study marks.
Section 8: The Six Case Studies (70 Marks)
Each case study is a narrative followed by a set of questions on it. IBBI fixes how many questions each one carries.
Corporate Insolvency Resolution Process and Liquidation (first case)
Questions
10 x 2 marks
Marks
20
Corporate Insolvency Resolution Process and Liquidation (second case)
Questions
10 x 2 marks
Marks
20
Pre-Packaged Insolvency Resolution Process
Questions
4 x 2 marks
Marks
8
Individual Insolvency Resolution and Bankruptcy
Questions
4 x 2 marks
Marks
8
Business and General Laws (areas 3 and 4)
Questions
4 x 2 marks
Marks
8
Business and Professional Ethics
Questions
3 x 2 marks
Marks
6
| Case study on | Questions | Marks |
|---|---|---|
| Corporate Insolvency Resolution Process and Liquidation (first case) | 10 x 2 marks | 20 |
| Corporate Insolvency Resolution Process and Liquidation (second case) | 10 x 2 marks | 20 |
| Pre-Packaged Insolvency Resolution Process | 4 x 2 marks | 8 |
| Individual Insolvency Resolution and Bankruptcy | 4 x 2 marks | 8 |
| Business and General Laws (areas 3 and 4) | 4 x 2 marks | 8 |
| Business and Professional Ethics | 3 x 2 marks | 6 |
Business Laws (Area 3, 4 Marks)
IBBI names the exact Companies Act chapters in scope. Chapters not listed here are outside the syllabus.
The Companies Act, 2013
13 chapters- 3Prospectus and Allotment of Securities
- 4Share Capital and Debentures
- 5Acceptance of Deposits by Companies
- 6Registration of Charges
- 7Management and Administration
- 9Accounts of Companies
- 15Compromises, Arrangements and Amalgamations
- 17Registered Valuers
- 18Removal of Names of Companies from the Register
- 20Winding Up
- 27NCLT and NCLAT
- 28Special Courts
- 29Miscellaneous
Company-law and insolvency questions. No signup.
The Other Business Laws
- check_circleThe Partnership Act, 1932
- check_circleThe Limited Liability Partnership Act, 2008
- check_circleThe Indian Contract Act, 1872: sections 10-30, 31-36, 37-61, 62-67, 73-75, 124-127, 148-181 and 182-238 (contracts, contingent contracts, performance, breach, indemnity and guarantee, bailment and pledge, agency)
- check_circleThe Sale of Goods Act, 1930
General Laws (Area 4, 7 Marks)
The widest area on the list. Where IBBI limits an Act to certain sections, the limit is shown.
- check_circleThe Negotiable Instruments Act, 1881
- check_circleThe Transfer of Property Act, 1882
- check_circleThe Code of Civil Procedure, 1908: sections 9, 10, 11, 26-32, 38-45, 60-64, 73, 75-78, 89 and Order 21
- check_circleThe Limitation Act, 1963
- check_circleThe Prevention of Corruption Act, 1988 (definition of public servant, sections 7-16, read with section 29A of the Code) and the Prevention of Money Laundering Act, 2002 (sections 2-8, 48, 63, 67, 71, 72)
- check_circleThe Recovery of Debts and Bankruptcy Act, 1993
- check_circleThe Arbitration and Conciliation Act, 1996
- check_circleThe SARFAESI Act, 2002
- check_circleThe MSMED Act, 2006: classification, advisory committee, memorandum, and delayed payments to micro and small enterprises
- check_circleThe Real Estate (Regulation and Development) Act, 2016: the sections IBBI lists (2, 4, 5, 11, 17, 18, 20, 23, 31 and others)
- check_circleThe Securities Contracts (Regulation) Act, 1956 (contracts and options, listing, offences and penalties) and SEBI's Takeover, LODR, ICDR and Delisting Regulations
- check_circleThe Employees' Provident Funds and Miscellaneous Provisions Act, 1952
- check_circleThe Mediation Act, 2023
- check_circleThe Digital Personal Data Protection Act, 2023
The Smaller Areas
- 1. The Code (4 marks)
- The Insolvency and Bankruptcy Code, 2016 itself: definitions, the corporate and individual processes, offences, and the IBBI's powers.
- 2. Rules and Regulations (6 marks)
- The rules and IBBI regulations made under the Code, such as the CIRP, Liquidation, Voluntary Liquidation, Pre-packaged, Insolvency Professionals and Information Utilities Regulations.
- 5. Finance and Accounts (2 marks)
- Corporate finance, financial analysis, liquidity management, and tax planning and GST.
- 6. General Awareness (2 marks)
- The Constitution (right to constitutional remedies, Union judiciary, High Courts, natural justice), workmen's rights under labour laws, basic economics, financial markets, basic valuation concepts and forensic audit.
- 7. Case Laws (5 marks)
- Five one-mark questions on the judgments IBBI lists in Annexure 1 of the syllabus.
The Prescribed Case-Law List
Annexure 1 of the syllabus lists 72 judgments. Only five marks come from direct case-law questions, but the principles from these cases run through the case studies too.
Supreme Court
Cases listed
41
Examples
Innoventive Industries, Mobilox Innovations, Swiss Ribbons, Essar Steel (CoC), ArcelorMittal, Ghanashyam Mishra, Vidarbha Industries
High Courts
Cases listed
12
Examples
Univalue Projects, Tata Steel BSL v. Venus Recruiter, IBBI v. State Bank of India
NCLAT
Cases listed
13
Examples
Kundan Care Products, Ramesh Kymal v. Siemens Gamesa, Jet Aircraft Maintenance Engineers Welfare Association
NCLT
Cases listed
6
Examples
In the matters of Aircel, Jet Airways, Videocon Industries and Jaypee Infratech
| Forum | Cases listed | Examples |
|---|---|---|
| Supreme Court | 41 | Innoventive Industries, Mobilox Innovations, Swiss Ribbons, Essar Steel (CoC), ArcelorMittal, Ghanashyam Mishra, Vidarbha Industries |
| High Courts | 12 | Univalue Projects, Tata Steel BSL v. Venus Recruiter, IBBI v. State Bank of India |
| NCLAT | 13 | Kundan Care Products, Ramesh Kymal v. Siemens Gamesa, Jet Aircraft Maintenance Engineers Welfare Association |
| NCLT | 6 | In the matters of Aircel, Jet Airways, Videocon Industries and Jaypee Infratech |
Study the Law as It Stood on 4 February 2025
Commentaries and coaching notes updated for later amendments can teach you a rule the exam will mark wrong. When a source mentions a change made after 4 February 2025, learn the earlier position for the exam.
IBBI LIE Syllabus: Common Questions
Which part of the syllabus carries the most marks?expand_more
Case studies: 70 of 100 marks, across six case sets. Two of them are on CIRP and liquidation and carry 20 marks each.
Are amendments after February 2025 tested?expand_more
No. IBBI's syllabus says every law is taken as in force on 4 February 2025, and any later amendment is ignored.
How many case laws do I need to know?expand_more
Annexure 1 lists 72: 41 Supreme Court, 12 High Court, 13 NCLAT and 6 NCLT judgments. Five one-mark questions are asked directly on them.
Is the Companies Act fully in the syllabus?expand_more
No. Only the chapters IBBI names are in scope, including share capital, charges, accounts, compromises and amalgamations, registered valuers, winding up and the NCLT/NCLAT chapter.
Check Before You Study
IBBI revises the fee, syllabus and exam rules from time to time and announces each change on its Limited Insolvency Examination page. Confirm the latest there before you book or pay.
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65 questions across all eight areas, with negative marking.