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Practice Drills: Reading IBC Resolution Filings for Investment Signals

A practice-first companion to the Bhushan Steel IBC case study. You already know how the Corporate Insolvency Resolution Process works; this course makes you read the paperwork it produces and act on it. Working with NSE and BSE Regulation 30 disclosures, NCLT orders, IBBI records, resolution professionals' public announcements and CoC-approved plan filings, you will drill what each document reveals about recovery, timeline risk and, above all, what happens to the listed equity. You will learn to separate a stock that is cheap from a stock that is about to be written down to zero, read signals for the acquirer and the lending banks, and avoid the low-float traps that follow a resolution. Built for experienced retail investors, active traders and HNIs who want a repeatable method for reading insolvency situations instead of gambling on them.

Insolvency and Bankruptcy CodeNCLT OrdersRegulation 30 DisclosuresResolution PlansCommittee of CreditorsDistressed StocksSpecial Situations

MODULES

5

DURATION

4 Hours

TRACK

Stock Market Basics

What You'll Master

Locate every IBC filing that matters for a listed company across NSE, BSE, NCLT and IBBI, and log it in a case tracker you build yourself

Read Section 7, 9 and 10 admission orders and pull out the default amount, the petitioner and the signals hidden in the order's reasoning

Use the public announcement and the list of creditors to size admitted claims against what the business could realistically be worth

Read a CoC-approved resolution plan disclosure for recovery percentage, upfront versus deferred payment and the treatment of existing equity

Judge timeline slippage, litigation and resolution applicant quality as risk signals before they show up in the price

Read the knock-on signals for the acquirer's stock and the lending banks, and spot post-resolution low-float traps before you trade them

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Setting Up the Drill

3 Lessons

Where IBC Filings Live: NCLT Orders, IBBI Records and Exchange Disclosures10 min read

Drill: Decoding Regulation 30 Insolvency Disclosures on NSE and BSE12 min read

Drill: Building Your IBC Case Tracker13 min read

Chapter 2: Drilling the Admission Stage

4 Lessons

Drill: Reading a Section 7 Admission Order From a Financial Creditor13 min read

Drill: Section 9 and Section 10 Cases, Operational Creditors and Company-Filed Insolvency12 min read

Drill: The Public Announcement and the List of Creditors13 min read

Drill: Moratorium, a Suspended Board and What Still Trades11 min read

Chapter 3: Drilling the Resolution Plan

4 Lessons

Drill: Reading a CoC-Approved Plan Disclosure, Recovery, Upfront Cash and Deferred Payments14 min read

Drill: Recovery Against Liquidation Value and Fair Value13 min read

Drill: What Happens to Existing Equity, Capital Reduction, Extinguishment and Delisting14 min read

Drill: Judging the Resolution Applicant and Section 29A Risk12 min read

Chapter 4: Drilling the Signals

4 Lessons

Drill: Timeline Slippage and Litigation as Risk Signals12 min read

Drill: Reading the Signal for the Acquirer's Stock12 min read

Drill: Reading the Signal for Lending Banks, Provisions and Write-Backs12 min read

Drill: Post-Resolution Low-Float Stocks and Surveillance Traps12 min read

Chapter 5: Full Practice Drills

2 Lessons

Full Drill: Two Listed Companies in CIRP, Which One Has Anything Left for Shareholders16 min read

Full Drill: Scoring an IBC Case From Admission to Plan Approval16 min read