CS Professional Paper 7.5 Syllabus and Exam Pattern 2026 – Insolvency and Bankruptcy – Law & Practice
CS Professional Paper 7.5 Syllabus and Exam Pattern 2026 – Insolvency and Bankruptcy – Law & Practice
CS Professional Paper 7.5 Insolvency & Bankruptcy - Law & Practice is an optional subject of the ICSI Professional Programme (Syllabus 2022) Group 2. The paper deals with the legal aspects of insolvency resolution, corporate debtors, liquidation, and other procedures under the Insolvency and Bankruptcy Code.
Understanding the CS Professional Paper 7.5 syllabus and exam pattern 2026 helps students plan their preparation, organise their study material, and practise questions relevant to the examination. Students should refer to the latest ICSI study material and applicable examination supplements before preparing for their chosen session.
FAQs
1. Is CS Professional Paper 7.5 an elective subject?
Yes. Paper 7.5 is an elective subject under Group 2 of the CS Professional Programme. Students choosing this elective study insolvency and bankruptcy laws, procedures, and practical applications.
2. What are the major topics covered in the Paper 7.5 syllabus?
Important syllabus areas include the introduction to the IBC, CIRP, resolution strategies, fast-track CIRP, corporate liquidation, voluntary liquidation, adjudication and appeals, pre-packaged insolvency
resolution, debt recovery, and insolvency procedures for individuals and partnership firms.
3. Does CS Professional Paper 7.5 cover the Corporate Insolvency Resolution Process (CIRP)?
Yes. CIRP is a significant topic in this paper. Students should understand its initiation, the roles of the Interim Resolution Professional and Resolution Professional, the Committee of Creditors, the
resolution plan, and the relevant statutory timelines and procedures.
4. Is liquidation included in the CS Professional Paper 7.5 syllabus?
Yes. The syllabus covers liquidation of corporate persons and voluntary liquidation of companies. Students should study the relevant legal provisions, the role of the liquidator, the distribution of assets, and
the procedures applicable to different liquidation situations.
5. Does Paper 7.5 include insolvency resolution for individuals and partnership firms?
Yes. The syllabus includes insolvency resolution and bankruptcy-related provisions for individuals and partnership firms, along with relevant processes such as the fresh start process. Students should
distinguish these procedures from corporate insolvency proceedings.
6. What is the examination pattern of CS Professional Paper 7.5 in 2026?
Paper 7.5 is an open-book elective examination under the Professional Programme Syllabus 2022. Students should verify the applicable examination duration, maximum marks, and instructions in the latest
ICSI examination guidelines and question paper for their session.
7. Is CS Professional Paper 7.5 an open-book examination?
Yes. ICSI identifies Elective 2, including Paper 7.5, as an open-book examination. However, students should still prepare thoroughly because they need to locate relevant provisions quickly, apply the law
correctly, and structure clear answers.
8. How should students prepare for case-based questions in Paper 7.5?
Students should practise applying the IBC and related legal provisions to practical situations. For each case, identify the relevant facts, legal issue, applicable provision, procedural requirements, and
reasoned conclusion. Practising previous question papers can help develop this skill.
9. Which topics should students prioritise while preparing for Paper 7.5?
Students can give focused attention to CIRP, resolution plans, the Committee of Creditors, liquidation, voluntary liquidation, pre-packaged insolvency resolution, and insolvency procedures for individuals
and partnership firms. These are useful study priorities, not a guarantee of their weightage in the examination.
10. Are amendments important for CS Professional Paper 7.5 in 2026?
Yes. Students should review amendments and supplementary study material applicable to their examination session. They should check the relevant ICSI supplement and official announcements to ensure
that their preparation reflects the applicable legal updates.
11. Can students use previous year question papers to understand the Paper 7.5 exam pattern?
Yes. Previous year question papers help students understand question formats, the application of insolvency law to practical situations, and the depth of answers expected. Students should use papers
applicable to the current syllabus and check official ICSI resources for the relevant session.
12. What study materials should students use for CS Professional Paper 7.5?
Students should begin with the applicable ICSI study material, review the relevant amendment supplement, and practise official previous-session question papers. Additional reference books and practice
questions can support revision, but they should not replace the prescribed material.