CS Professional Paper 7.5 Question Bank and Practice Paper

CS Professional Paper 7.5 Question Bank and Practice Paper 2026 – Insolvency and Bankruptcy – Law & Practice

CS Professional Paper 7.5 Question Bank and Practice Paper 2026 helps students practise important concepts from Insolvency and Bankruptcy – Law & Practice under the ICSI Professional Programme Syllabus 2022. A question bank supports topic-wise revision, while practice papers help students apply the Insolvency and Bankruptcy Code (IBC) to descriptive and case-based questions.

Students should use these resources alongside the applicable ICSI study material, amendment supplements, and previous-session question papers to prepare effectively for the examination.

FAQs 

1. Which topics should students practise using the Paper 7.5 question bank?

Students should practise questions on the Insolvency and Bankruptcy Code, 2016, Corporate Insolvency Resolution Process (CIRP), resolution plans, liquidation, voluntary liquidation, pre-packaged

insolvency resolution, adjudication and appeals, and other topics included in the applicable syllabus.

2. How can a question bank help students prepare for CIRP questions?

A question bank helps students revise the initiation of CIRP, the roles of insolvency professionals and the Committee of Creditors, procedural requirements, resolution plans, and relevant timelines. Regular

practice also improves their ability to apply these provisions to practical situations.

3. What types of questions should students practise on resolution plans?

Students should practise descriptive and case-based questions on the submission, consideration, approval, and implementation of resolution plans. They should understand the applicable legal requirements

and the responsibilities of the relevant stakeholders under the prescribed material.

4. How can students prepare for liquidation-related questions in Paper 7.5?

Students should practise questions on the commencement of liquidation, the liquidator's responsibilities, verification of claims, the realisation and distribution of assets, and the closure of liquidation

proceedings. Answers should reflect the applicable provisions and procedures.

5. Why are case-based questions important for Insolvency and Bankruptcy – Law & Practice?

Case-based questions help students apply insolvency law to realistic situations, such as defaults, creditor claims, resolution-plan disputes, and liquidation proceedings. They also develop analytical skills

and the ability to explain legal consequences clearly.

6. How should students practise questions on the Insolvency and Bankruptcy Code, 2016?

Students should revise the relevant provisions, understand their purpose and application, and then attempt topic-wise questions without referring to their notes. They should review incorrect answers and verify legal details using the latest applicable ICSI study material.

7. What should students study for questions on the Committee of Creditors?

Students should understand the Committee of Creditors' role in the CIRP, its decision-making responsibilities, voting requirements, and involvement in considering resolution plans, as covered by the

applicable syllabus and legal provisions.

8. How can students prepare for questions on insolvency professionals?

Students should revise the appointment, powers, duties, and responsibilities of insolvency professionals, including the relevant functions of interim resolution professionals, resolution professionals, and

liquidators. They should practise applying these responsibilities to practical insolvency scenarios.

9. Which questions should students practise on pre-packaged insolvency resolution?

Students should practise questions on the purpose, eligibility conditions, process, stakeholder roles, and legal framework of pre-packaged insolvency resolution to the extent covered in their prescribed

syllabus and study material.

10. How can previous-year question papers support Paper 7.5 preparation?

Previous-year question papers help students understand the examination format, question framing, and expected depth of answers. Students can use them to identify recurring concepts and practise time

management, but should not rely on past questions as a substitute for syllabus coverage.

11. How should students write answers to insolvency law case studies?

Students should identify the legal issue, state the relevant provision or principle, apply it to the facts provided, and present a reasoned conclusion. They should include applicable timelines, procedural

requirements, and legal consequences